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The great depression begins
The stock market plunges. This day will became known as "Black Tuesday." this is the day where all the millionaires have no more money and people start to freak out. -
Banks begin to fail
The Smoot-Hawley Tariff Act is passed. Many economists say this act contributed to the Great Depression.The Tariff act raised 20% on to goods and the farmers couldn't sell that much so they were loosing money rapidly. -
The Depression Worsens
Food riots begin to break out in parts of the United States. Since company's are loosing money and family's have no money to feed there kids or even able to feed themselves. So they made some food pantry's but there were riots from people who can't wait to eat food. -
Unemployment Rises
Franklin D. Roosevelt is elected president. Since former president didn't do the best job during his service. The people want a president that will lead the people out of the great depression. -
The First New Deal Begins
President Roosevelt gives his first Fireside Chat. He explains the new banking laws. The old banking laws weren't working for the great depression. So Roosevelt's new banking laws might work. -
Prohibition is Repealed
Prohibition is repealed by the 21st Amendment. They repeal of alcohol is put in and the prohibition ends -
More Laws are passed
The SEC is established to regulate the stock market. They made a commission to regulate the stock market so there were no under the table money. -
The Second New Deal Begins
A huge dust storm envelops much of the Midwest. This day is called "Black Sunday." It was part of the dust bowl. -
Unemployment Falls
The Unemployment Falls to 16.9 percent in American. It was one of the lowest in American history ever. -
More FDR
The Supreme Court rules that the Social Security Act is constitutional. It was a tested welfare program. -
Unemployment Rises
Unemployment Rises to 19 percent. The unemployment was at 16.9 but drops to 19 in just a year. America is falling faster in a year. -
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. This creates more jobs for Americans and ends the great depression.
