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Stock Market Crashes
The stock market crashes, marking the end of six years of unparalleled prosperity for most sectors of the American economy -
Period: to
The Great Depression
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3.2 million people are unemployed
More than 3.2 million people are unemployed, up from 1.5 million before the October, 1929 crash. -
"Food riots" begin to break out in parts of the U.S
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New York's Bank of the United States collapses
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Roosevelt Elected
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Unemployment averages 24.9% for the year.
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Townsend Proposes Pension Plan
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Share Our Wealth Society Founded
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Longshoremen Strike
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Charles Coughlin Establishes the National Union
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Roosevelt Re-elected
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Unemployment averages 17.2% for the year.
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Franklin Roosevelt Re-elected for third term as President
Franklin Roosevelt is elected to an unprecedented third term as president.In little over a year, following Japan's December 1941 bombing of Pearl Harbor, the U.S. will enter the war in the Pacific and in Europe.