The Great Depression and the New Deal

Herbert Hoover Elected President

Nov 11, 1928

Hoover elected to be President.

Stock Market Crash

Oct 24, 1929

On October 24th 1929 the US stock market took an incredible dive that left many poor and unemployed.

Banking Panics

Jan 1, 1930

In 1930 the banking panics start. Banks are facing bankruptcy and failure because people are pulling their money out of the banks because they feel that it is not save there.

Reconstruction Finance Corporation

Jan 1, 1932

Extended loans to struggling corporations, insurance companies and banks

Franklin D. Roosevelt Elected

Nov 11, 1932

FDR is elected to office and his 100 days will start soon. People are hoping he has a better plan to help the economy than Herbert Hoover did before him.

First New Deal

Dec 1, 1933

FDR enacts the first New Deal to pull the US out of the economic depression

Start of the Dust Bowl

Jan 1, 1934

The Dust Bowl starts in the western states. Caused by over farming and droughts.

Second New Deal

Jan 1, 1935

FDR enacts the second New Deal. New plans are created to pull the US out of the economic depression.

End of the Great Depression, Begin World War II

Sep 1, 1939

In 1939 World War II starts and the US is needed to manufacture weapons, tanks, airplane and textiles to help win the war for the Allies. This boom in industry helps to pull America out of it's depression and send it into a time of war.