-
In the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
-
Congress established the Reconstruction Finance Corporation to lend $2 billion to banks, insurance companies, building and loan associations, and farming organizations
-
The Social Security Act was signed into law, financed through payroll taxes
-
The Work Projects Administration (WPA) was formed to employ up to 8.5 million people on public works projects across the country
