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Period: to
Great Depression
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Stock market peak
Stock market reaches its peak but signs show that economy is going to be in danger. -
Stock market starts to crash
Stock market starts to go downhill this day will become known as "Black Tuesday" -
Banks begin to fail
On June 17 The Smoot Hawley Tariff Act is passed that raised import duties to protect American businesses and farmers it is believed this contributed to the Great Depression -
Great Depression Worsens
Unemployment Rises to 23.6 percent and over 10,000 banks have failed since 1929. -
New President
Franklin D. Roosevelt is elected president and is a big piece of driving America out of the Great Depression -
Roosevelt's First One Hundred Days begin
In Roosevelt's First One Hundred Days in his presidency over 15 new laws are quickly enacted to fight the Great Depression -
New Acts
The Federal Emergency Relief Act and the Agricultural Adjustment Act are signed into law -
Dams on the Tennesee River
The Tennessee Valley Authority is established to build dams on the Tennessee River -
PWA
The Public Works Administration (PWA) is established in response of Great Depression -
Unemployment
Unemployment Falls to 16.9 percent -
Social Security Act, Unconstitutional or constitutional?
The Supreme Court rules that the Social Security Act is constitutional -
END OF THE GREAT DEPRESSION
World War II and the End of the Great Depression World War II begins when Germany invades Poland. The depression ends over the next several years as the U.S. builds up its armed forces
