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Revenue Act
In 1924 the Revenue Act was passed slashing income tax rates for the rich and for big businesses. This allowed them to keep more of their money, therefore they can flow it into the economy which keeps the economy running allowing for a more productive economic system. -
Charles Lindbergh's flight across Atlantic
In 1927, Charles Lindbergh did what no one else had done before; he flew across the Atlantic Ocean. Many attempted this lofty challenge, but none succeeded until Charles Lindbergh flew across the Atlantic Ocean to Paris, France greeted by countless cheering for him and his accomplishment that showed that it was possible to fly across the ocean. -
Stock Market Crash
In what is considered to be the "Roaring Twenties," a very prosperous time full of innovation and economic growth, many invested into stocks because it was "easy money." Because people kept trying to make money on it, they had to keep raising the price until 1929, the stock market suddenly crashed. Some of the more wealthy tried to stop it by putting money into the stock market, but it barely helped and on October 29, 1929, the bottom fell out of the stock market and the Great Depression began. -
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Great Depression
After nearly a decade of prosperity and easy credit, with the crash of the stock market along with many other underlying issues, America entered what we refer to as the Great Depression, what can be considered as one of the nation's lowest points. It was not until the beginning of WWII that the Great Depression officially ended, but it has undoubtedly left a mark on this country. -
FDR elected
In 1932, Franklin D. Roosevelt was elected President and served four terms throughout part of the Great Depression and WWII. He pushed for several bills and agencies such as Social Security to end the Great Depression, many of which pushed for a more socialistic system. He also led us through the vast majority of WWII and proposed many ideas that would later be put into place like the United Nations which still impacts us to this day. -
Hitler's empowerment
For many years, Hitler had been trying to gain power in Germany to lead it out of the situation that the Allied nations put it in, and in 1933 he got what he wanted by becoming Chancellor and leader of the "Nazi" party. This was just the beginning as he continued to grow power after this until he was the sole leader of Germany, ready to make it the most powerful nation in the world. -
Roosevelt's agencies
Shortly after he was elected, FDR worked on many agencies to form in order to alleviate those in the Great Depression and get the nation through it. Just in the year 1933 he added the NRA, AAA, FDIC, TVA, FERA, and CCC all of which brought massive changes to the nation, impacting it for years to come. -
FDR's court-packing
FDR was trying to get many agencies and bills approved to help stop the Great Depression but one major obstacle that was in his way was the largely Republican Supreme Court that shut down many of his proposals as unconstitutional. To manipulate the system, Roosevelt pushed for court-packing in which he said that older justices should be replaced by a certain age. He obviously wanted this to fill the court with those in favor of his policies, but it failed and left a stain on his administration. -
World War II starts
Up to this point, Hitler, at that time leader of Germany, had been slowly accumulating land that had been lost to the Allies, continuing to promise that he would stop but never doing so; then he drew the last straw. He signed a secret agreement with the USSR to invade Poland and on September 1, 1939, Britain and France declared war on Germany, beginning the deadliest war in history.