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The Great Depression.

By Alex232_x

  • Stock market crash

    Stock market crash
    The stock market crash on October 29, 1929, also known as "Black Tuesday," marks the beginning of the Great Depression.

  • The economic contraction continues

    The economic contraction continues
    The economic contraction continues, and unemployment rises to 8.7% in the United States.

  • The banking crisis worsens

    The banking crisis worsens
    The banking crisis worsens, and many banks declare bankruptcy, leading to a loss of savings for many citizens.

  • Unemployment

    Unemployment
    Unemployment reaches its peak in the United States, with 13 million people out of work.

  • the New Deal

    the New Deal
    Franklin D. Roosevelt is inaugurated as President of the United States and implements the New Deal policies to combat the Great Depression.

  • The stock market

    The stock market
    The United States passes the Securities Exchange Act, which regulates the stock market and aims to prevent another crash.

  • The Social Security Act

    The Social Security Act
    The Social Security Act is passed in the United States, providing a safety net for citizens during times of economic hardship.

  • The Great Depression officially ends

    The Great Depression officially ends
    The Great Depression officially ends in the United States with the onset of World War II, which leads to increased government spending and economic growth.