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Stock Market Crash
The crash of the stock market officially began on Black Tuesday. In one day, investors traded 16 million shares on the New York Stock Exchange. Thousands of investors were wiped out as billions of dollars were lost. The result the Wall Street crash began the longest lasting economic downturn in history of the industrialized Western world and wouldn't end for another 10 years. -
The Dust Bowl
The Dust Bowl began at the beginning of The Great Depression as a result of a severe drought which caused farmers to lose crops and dust began to blow with the air -
Smoot-Hawley Tariff Act
The Smoot-Hawley Tariff of 1930 raised taxes on imported goods which promoted the purchase of US made goods. It was sponsored by Senator Reed Smoot and Representative Willis Hawley -
Lowest Unemployment Rate
1933 marked the lowest unemployment rate at 25% -
National Recovery Administration Begins
Franklin Roosevelt's plan to eliminate "cut-throat" competition by bringing industry, labor and government together to create codes of fair practices and set prices -
Work Progress Administration Established
Employed up to 8.5 million people on public works and arts projects. Most famous of Franklin Roosevelt's New Deal -
Preparation for WW2
Stimulated the American economy, helping to bring an end to the Great Depression because of increased labor and industrial production
