-
Bonus Bill
a United States federal law passed on May 19, 1924, that granted a benefit to veterans of American military service in World War I. -
Black Thursday
a then-record number of shares were traded on the New York Stock Exchange by panicked investors, marking the onset of the stock market crash that precipitated the Great Depression. -
New York's Bank of the United States Crash
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. -
Food Riots in Minneapolis
the first of many “food riots” across the country broke out when desperate, hungry, and unemployed men and women looted a grocery store in Minneapolis. -
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
a demonstration of unemployed workers starting in Detroit and ending in Dearborn, Michigan, that took place on March 7, 1932. -
Bonus Army Conflict
an assemblage of some 43,000 marchers—17,000 U.S. World War I veterans, their families, and affiliated groups -
Franklin Delano Roosevelt Elected President
He became the 32nd U.S. president in 1933, and was the only president to be elected four times. -
Civilian Conservation Corps is established
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 Herbert Hoover had created in 1932. -
Congress passes Glass-Steagall Act
In 1933, in the wake of the 1929 stock market crash and during a nationwide commercial bank failure and the Great Depression, two members of Congress put their names on what is known today as the Glass-Steagall Act (GSA). This act separated investment and commercial banking activities.
