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Great Depression
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Period: to
Herbert Hoover Presidency
Inaugurated as the Nation's 31st President. His laissez-faire economic policies did little to stop the depression. He thought forces of capitalism would fix the economy and lowered income tax. -
Stock Market Crash
Stocks start falling and it seems to never end. There was real economic growth before that it was all based on credit. -
Smoot-Hawley Tariff Act
Raised taxes on 900 imports and it was signed by Hoover. Supposed to help farmers but instead imposed taxes on a bunch of products. The Dust Bowl Drought was drought in 23 states and farmers were not able to recover. -
Creation of Department of Veterans Affairs
Changed how the government expanded the veteran aid and services to reach more veteran forces than before. -
Bank of the United States Fails
It was the 4th largest bank in the nation, and the largest bank failure at that time. The economy shrank by 8.5% as Hoover topped the income tax rate to 25%. Unemployment rose 8.7%. -
Reconstruction Finance Corporation Created
RFC intendent agency that served as a lender of last resort to US banks and business. Stablished by the Hoover administration to restore public trust in the economy and banks. -
Revenue Act of 1932
Signed by Hoover to raise income tax to 63%. Wanting to reduce federal deficit. Higher taxes worsened the depression. -
Emergency Farm Mortage Act
Gave loans to save farms from foreclosures and raising prices. -
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The First New Deal
Working for the 3Rs -
FDR Inauguration as President
New promising president, people wanted a change from Hoover who only seemed to worsen the situation. -
Emergency Banking Act
Part of FDR new deal. Allowed banks that were sound to reopen in stages, provided rehabilitation of unsound banks, expanded the President's power over all banking functions, and took the US gold standard off. -
Government Economy Act
Cut government spending to finance the New Deal -
Beer-Wine Revenue Act
Ended prohibition and taxed alcohol sales to raise revenue. -
Civil Works Administration
Created 4 million construction jobs for the public good. Unemployment rose to a record of 24.9%. Economy kept shrinking. Farmers slaughtered 6 million pigs to reduce supply and boost prices. s -
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The Second New Deal
Giving wealth to the poor -
Germany Invades Poland
Starts WW2, he did it with the help of the Soviet Union. -
France and Britain Join WW2
The response to Hitler's invasion of Poland. -
US Draft
The US begins its first peace time draft. Civilians are in favor because they want security. -
Lend-Lease Act
A system that allowed the US to lend or lease war supplies any nation 'vital to the defense of the United States.' They did this while maintaining neutrality but helping Great Britain. -
Bismarck is Sunk
German battleship sunk by the British Navy in the North Atlantic near France. -
Germany Invades Soviet Union
Operation Barbossa, they faced cold winters. -
Pearl Harbor
Japan uses Airforce to bomb US Pearl Harbor port in Hawaii. The US was neutral, but it gives a reason to officially join WW2 with the Allies. -
US Declares War on Japan
Congress declares war in response to Pearl Harbor attack. -
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World War 2
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Germany and Italy Declare War on US
The US reciprocates. -
Japanese Internment Camps- Executive Order 9066
The US orders Japanese Americans into concentration camps because they are seen as threats. A Supreme Court case prove it constitutional as they were now in a state of war, and it was done for national security. -
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Casablanca Conference
In Casablanca, Morocco. Between President Roosvelt and Prime minister Churchill and their military chiefs and aids who planned the future global military strategy for western allies. The decision to demand surrender from the Axis powers. -
Zoot Suit Riots
A group of sailors stated that they were attacked by a group of Mexican Zoot Suiters. This was in California. Mexicans faced racism and were criticized for dressing with really baggy clothes, when instead it should've been economized. -
D-Day
Allied forces invaded north France by beach landings in Normandy. The largest naval and aerial, and land forces in history. Marked the Beginning of the end of WW2. Critical turning point. -
Battle of Leyte Gulf
Largest naval battle of WW2. The US and its allies launch a massive invasion of the Philippine Island of Leyte to liberate it from Japanese occupation. -
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Yalta Conference
Churchill, Stalin, and Roosevelt meet to discuss postwar distribution of Germany and Europe. It would be divided into 4 zones controlled by France, the US, Great Britain, and the Soviet Union. France leader was not present at conference. They also planned the final stages of WW2. -
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Yalta Conference
Roosevelt, Churchill, and Stalin meeting to plan the final stages of WW2, and the division of Germany and Europe into zones that were to be occupied by France, the US, Britain, and the Soviet Union. France leader not invited to the conference. -
FDR Dies
He had recently been elected to his Fourth term. Succeeded by Harry S. Truman Vice President. -
Death of Hitler
Commits suicide via gunshot in Berlin after defeat was clear. -
Bombing of Hiroshima
The Japanese refuse to surrender. The bomb was created during the Manhattan project and the permission to drop the bomb was signed by Truman. -
Bombing of Nagasaki
The second atomic bomb dropped on Japan that was followed by Japan surrender. -
Official Japan Surrender
Japan signs surrender formally, bringing war to an end.