The Great Depression

By Graham Martin

  • 1929

    Everything is going extremely well in America at the end of the Jazz age and in the aftermath of World War One. Unemployment averages 3.2% percent in America in the year 1929.

  • 1930

    Unemployment in the year 1930 during the Great Depression was 8.9%. Which rose from the stock market crash a couple months before.

  • Smoot-Hawley Tariff

    Congress passes the Smoot-Hawley Tariff, steeply raising import duties in an attempt to protect American manufactures from foreign competition. The tariff increase has little impact on the American economy, but plunges Europe farther into crisis.

  • Stock Market Crashes

    The American stock market collapses, signaling the onset of the Great Depression. The Dow Jones Industrial Average peaks in September 1929 at 381.17—a level that it will not reach again until 1954. The Dow will bottom out at a Depression-era low of just 41.22 in 1932.

  • 1931 Major Bank Crashes

    New York's Bank of the United States collapses in the largest bank failure to date in American history.[M31] $200 million in deposits disappear, and the bank's customers are left holding bag. The unemployment rate was 16.3% in 1931 in the UNited States.

  • 1932 and 1933

    The unemployment rate in 1932 was 24.1% in the United States of America. Democrat Franklin D. Roosevelt defeats incumbent Republican President Herbert Hoover in a landslide to win the presidency. The unemployment rate in 1933 was 24.9% in the United States of America during the great depresson.

  • 1934 Longshoremen strike

    A West Coast longshoremen's strike, conducted with significant aid from the Communist Party, paralyzes shipping and trade in California, Oregon, and Washington. The strike ends with a victory for the longshoremen's union; cooperation between the longshoremen and West Coast Communists rep.a first successful venture of the so-called "Popular Front" between Communists and liberals, which won't officially be authorized in Moscow until 1935. The unemployment rate in 1934 is 21.7%.

  • 1935 townsend support grows

    More than 5000 Townsend Clubs nationwide together represent more than 2 million members. An estimated 25 million Americans have signed petitions asking their representatives to back the Townsend Plan in Washington. the unemployment rate in 1935 is 20.1%.

  • 1939 Nazi rally in New York

    The German-American Bund stages a huge rally of fascist sympathizers supporting what they call "True Americanism" in Madison Square Garden in New York. Anti-Semitic Hitler admirer and Bund leader Fritz Kuhn calls Franklin Roosevelt "Frank Rosenfeld," the New Deal "The Jew Deal." The unemployment rate is 17.2%.

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