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Period: to
Great Depression
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Black Tuesday
Also called the Stock Market Crash of 1929 or the Wall Street Crash of 1929 begain in late October of 1929. The Crash marked the beginning of the Great Depression. An estimated $30 billion in Stock Values "disappeared". -
Smoot-Hawley Tariff Act
The Smoot-Hawly Tariff Act increased tariffs on over 20,000 goods imported by they U.S. It was sponsored by Senator Reed Smoot and Representative Willis C. Hawley. Many believe the Act to have been counterproductive and increased the severity of the Great Depression. -
RFC
The Reconstruction Finance Corporation was a program created by the US government to provide financial support to state and local governments. This corporation used pump primming in an attempt to create new jobs and stimulate consumer spending. The RFC was in commision until 1957. -
Bonus Army Massed at U.S Captiol
In the Spring of 1932, thousands of WWI veterans marched to Washington D.C to demand their cash bonuses for fighting in the war. The mass of veterans was referred to as the Bonus Army. Most of the Bonus Army was camped out in a Hooverville on the Anacostia Flats. -
Emergency Banking Act
This act was passed by the United States Congress with hopes to stabalize the banking system. The act established credible banking corporation. FDR used this act in an attempt to rebuild confidence in the US banking system. -
CCC Established
The Civilian Conservation Corporation was a public relief program for men between the ages of 17 and 27 during the Great Depression. FDR saw the program as a sort of "volunteer army" and at its peak it included 500,000 members. -
Glass-Steagall Act
The Glass Steagall Act was a Banking Act passed in June of 1933. The Act seperated Commercial from Investment Banking. It also established the Federal Deposit Insurance Corperation. -
Harlem Riot of 1935
This was Harlem's first Race Riot. The riot started after rumors spread that a black teenage shoplifter was beaten to death. The riot ended with three dead, hundreds injured, and around $2 million in damages continuing to cost the US money and deepening the depression. -
GM Workers Violent Strike
Workers at the General Motors Plant in Flint, Michigan went on a strike organized by the United Auto Workers union. A riot broke out among the strikers (which lasted over a month) when police tried to stop food deliveries from reaching the strikers. The event was later renamed to "Battle of the Running Bulls". -
US Enters World War II
The US got involved in WWII after the attack on Pearl Harbor and fought in the war until its end in 1945. The war stimulated US economy by increasing spending, and production for war. Thus increasing the availability of jobs decreasing the unemployment rate and boosting the income of the country.
