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Period: to
the great depression
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economy shrink
economy started shrinking in august -
Stock market crash
the stock market begins to crash -
Black Tuesday
The stock market plunges -
Banks fail
banks didn't have enough money to give out to people wanting to sell there stocks -
The depression worsens
Food riots begin to break out in some places in the US -
Poverty and unemployment
unemployment rises to 23.6% and over 10,000 banks have failed -
Franklin Roosevelt makes new deal speech
lays out plans to end the great depression -
the new deal begins
Franklin adds many new principles and laws to counteract the great depression -
The second new deal
about 8 million workers are employed over the next 7 years and unemployment falls to 16.9 -
More FDR
Franklin D Roosevelt is inaugurated for his second term,and the supreme court rules that the social security act is constitutional -
Job demand
unemployment rises to 19% -
World War II and The end of the great depression
world war ii began when Germany invades Poland and the depression ends over the next coming years as the U.S build up its armed forces
