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The U.S. Great Depression
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Wall Street Crashes
Stock market crash begins October 24. Investors call October 29 Black Tuesday. Losses for the month will total $16 billion which was a very high amount back in those days. -
Smoot-Hawley Tariff
The Smoot-Hawley Tariff passes on June 17. With imports forming only 6 percent of the GNP, the 40 percent tariffs work out to an effective tax of only 2.4 percent per citizen. -
FD Roosevelt Inauguration
Roosevelt is inagurated as the 32nd president of the United States. It was the last inauguration to be held on the prescribed date of March 4; under the terms of the Twentieth Amendment, all future inaugurations have taken place on January 20. -
Federal Communications Commission
Congress authorizes creation of the Federal Communications Commission, the National Mediation Board and the Securities and Exchange Commission. to regulate interstate communications by radio, television, wire, satellite, and cable in all 50 states, the District of Columbia and U.S. territories. -
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 which is a cooperation between the longshoreman and the communists repreasent the first successful venture of the Popular front. -
The Banking Act of 1935
Congress passes the Banking Act of 1935, the Emergency Relief Appropriation Act, the National Labor Relations Act, and the Social Security Act. The Banking act extended federal oversight to all commercial banks for the first time. -
Mobilization For War
The Japanese attack on Pearl Harbor draws United States into World War II. Mobilization for war lifts the American economy permanently out of the Great Depression.
