G

The Great Depression and The New Deal

By Daniela22597

  • Herbet Hoover Becomes President

    Herbet Hoover Becomes President
    Herbert Hoover becomes president and is an individualist but not as committed to laisses-faire as Coolidge.

  • Recession Begins

    Recession begins in August, 2 months befoe the stock market crash. During this 2 month period, production will decline at an annual rate of 20 percent.

  • Stock Market Crashes

    Stock Market Crashes
    The stock market crash begins in October 24th. Investors call October 29th Black Tuesday. Losses for the month will total in 16 billion dollars.

  • Unemployment Rises Quickly

    Unemployment Rises Quickly
    The unemployment rate rises from 3.2 percent to 8.7 percent. then in 1932 it climbs from 15.9 percent to 23.6 percent.

  • Industrial Stocks Lose Value

    Industrial Stocks Lose Value
    Industrial stocks have lost 80 percent of their value since 1930.

  • Roosevelt

    Roosevelt
    In 1933, Roosevelt was inagurated and he began the "First 100 Days" of intensive legislative activity.

  • The New Deal

    The New Deal
    Roosevelt had a plan to redistribute wealth from the rich to the poor.

  • Congress Passes Acts

    Congress Passes Acts
    In 1934 Congress passed the Securities and Exchange Act and the Trade Agreement Act.

  • World War II Starts

    World War II Starts
    World War II starts with Hitler's invasion of Poland.

  • Economic Boom

    Economic Boom
    In 1945 America will experience the greatest economic boom it has ever known.