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New York’s Bank of the United States collapses
The Bank of United States, founded by Joseph S. Marcus in 1913 at 77 Delancey Street in New York, was a New York City bank that failed in 1931. The bank run on its Bronx branch is said to have started the collapse of banking during the Great Depression. -
Introduction of Bonus Bill
The World War Adjusted Compensation Act (43 Stat. 121), known as the Bonus Bill, created a benefit plan for World War I veterans as additional compensation for their military service. -
Black Tuesday/Thursday
Black Thursday is the name given to Thursday, when the Dow Jones Industrial Average plunged 11% at the open in very heavy volume, precipitating the Wall Street crash of 1929 and the subsequent Great Depression of the 1930s. -
Food Riots in Minneapolis
Local hunger marches started on April 1, 1931, when a large group of unemployed forced their way into the Maryland state legislature to demand relief.
Later that month 3,000 turned out in Columbus, Ohio. In May 15,000 unemployed marched on Lansing, Michigan -
Congress establishes the Reconstruction Finance Corporation
The Reconstruction Finance Corporation (RFC) was a government corporation in the United States between 1932 and 1957 that provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses. -
Ford Hunger March
In the midst of the Depression, unemployed autoworkers, their families and union organizers braved bitter cold temperatures and gathered at this bridge. Intent on marching to the Ford Rouge Plant and presenting a list of demands to Henry Ford. Some 3 thousand "hunger marchers" paraded down Miller Road. At the city limit Dearborn police blocked their path and hurled tear gas; the marchers responded with rocks and frozen mud. -
Bonus Army Conflict
The Bonus Army was the popular name for an assemblage of some 43,000 marchers—17,000 U.S. World War I veterans, their families, and affiliated groups—who gathered in Washington, D.C. in the summer of 1932 to demand cash-payment redemption of their service certificates. Organizers called the demonstrators the "Bonus Expeditionary Force", to echo the name of World War I's American Expeditionary Forces, while the media referred to them as the "Bonus Army" or "Bonus Marchers". -
Franklin Delano Roosevelt elected President
Born on January 30, 1882, in Hyde Park, New York, Franklin D. Roosevelt was stricken with polio in 1921. He became the 32nd U.S. president in 1933, and was the only president to be elected four times. -
Civilian Conservation Corps is established
The Emergency Conservation Work (ECW) Act was introduced to Congress the same day and enacted by voice vote on March 31. Roosevelt issued Executive Order 6101 on April 5, 1933 which established the CCC organization and appointed a director, Robert Fechner, a former labor union official who served until 1939. -
Federal Emergency Relief Administration created
The Federal Emergency Relief Administration was the new name given by the Roosevelt Administration to the Emergency Relief Administration which President Frankelin Delanor Roosevelt had created in 1933. Wikipedia -
Congress passes Glass-Steagall Act
The Glass–Steagall legislation describes four provisions of the U.S. Banking Act of 1933 separating commercial and investment banking. [1] The article 1933 Banking Act describes the entire law, including the legislative history of the provisions covered here.
