The Great Depression

The Stock Market Crash of 1929

Aug 9, 1929

, 1929, stock prices had nowhere to go but up, so there was considerable recovery during succeeding weeks.

Black Tuesday

Dec 1, 1929

stock market crashes, $16 billion total losses

1929-1932

Jan 19, 1931

1929-1932, 10,000 U.S. banks fail. $2 billion deposits money lost. 13 million unemployed

Rosevelt

Jan 17, 1933

Rosevelt inaugurated 3rd band panic, FDR declares Bank Holiday to stop run on banks

U.S. unemployment

May 17, 1933

24.9%

NRA

Mar 23, 1934

(NRA) begins, 27,000 men work in CCC camps

WPA

Oct 17, 1935

Works Progress Administration

FDR

Oct 17, 1936

FDR says country enjoys practical prosperity

minimum wage

Oct 17, 1938

congress passes Wages and Hours Act

N/A

Oct 17, 1939

$1 billion spent on armed forces unemployment (17.2%)

WWII

Oct 17, 1941

U.S. enters WWII, manufacturing goes up by 50%