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Hoover became president
Herbert Hoover was elected president shortly before the start of the Great Depression. Hoover started his first term to lead up to him not being reelected. -
Black Tuesday
The Stock Market crashed on this day in history and hit an all time low. It bottomed out and caused financial issues around the country. -
Hoover signed the Smoot-Hawley Tariff act
This was passed in order to protects farmers and American businesses. But, it caused a strain on the economic status of the Great Depression. -
New York Bank Collapses
New York's Bank of the United States collapses due to no regulations. It loses 200 million dollars in deposits. This was the largest bank failure in history. -
Food Riots
Food Riots begin in the United States, including Minneapolis. Men and women demolish a grocery store causing a police force of 100 to stop them. -
Reconstruction Finance Corporation
This was administered by the United States Federal Government. This provided financial support to local and state governments. -
100,000 total banks failed
As of January 1932, 100,000 banks have failed across the United States. This is a chain reaction after the bank of New York failed. -
Hitler Comes in to Power
The president of Germany appoints Hitler as the Chancellor of Germany. This act will eventually be a factor of World War 2. -
Unemployment hits 25%
Unemployement continues to increase as the Great Depression is taking a hit on the United States of America. Many people walk the streets to search for jobs. -
The New Deal
The New Deal, also known as the Emergency Banking Act is passed. This is in order to attempt to stabilize the banking system. -
Black Sunday
Black Sunday is in reference to one of the most severe storms of the dustbowl. This caused immense agricultural damage. -
Texas hit record temps
Texas hit around 125 degrees Celsius. This increased the tragedy of the drought with the Dust Bowl. This was not a good combination.
