The Great Depression

By azeemm
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    Stock Market Crashes

    The stock market crashes, marking the end of six years of prosperity for most of the American economy
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    8.7% Unemployment Rate

  • Smoot-Hawley Tariff Act

    The act puts a 40% tariff on imports coming into the United States.

  • Public Works Project

    In order to combat the growing depression, President Hover asks the US Congress to pass a $150 million public works project to increase employment and economic activity.
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    Average unemployment at 16.3%

  • Bank of the United States fails

    The bank had $200 million in deposits which today would be $3 billion. This was the largest bank failure at the time.
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    Average Unemployment at 24.1%

  • The Reconstruction Finance Corporation (RFC)

    The government used the RFC to stimulate banks and businesses.

  • Franklin Roosevelt Elected

    FDR would take the US out of the Great Depression and lead through most of WWII.

  • Emergency Bank Relief Act

    This act allowed banks to reopen as soon as an examiner found them secure. Reopened 3/4 of the closed banks by the end of the month.
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    The New Deal

    A social and economic program passed by the US Congress in a special session because of the depression's economics

  • The Civilian Conservation Corps

    It was authorized under the Federal Unemployment Relief Act to provide work for 2 1/2 million people in the next 9 years and create many national parks and other projects across the US.

  • The National Labor Relations Act

    Part of the Second New Deal, it allowed workers to form unions and fight for things like higher wages and better working conditions.

  • The Social Security Act

    Also part of the Second New Deal, it created the social security system in the US. It gave federal assistance to those who were unable to work