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Hoover Election
Republican Secretary of Commerce Herbert Hoover defeated the Democratic nominee, Governor Al Smith of New York. Hoover was the last Republican to win a presidential election until 1952. -
Black Thursday
Panicked sellers traded nearly 13 million shares on the New York Stock Exchange and inventors suffered $5 billion in losses -
Black Tuesday
Share prices on the New York Stock Exchange completely collapsed, becoming a pivotal factor in the emergence and cited as the beginning of the Great Depression. -
Franklin D. Roosevelt Elected
Took place against the backdrop of the Great Depression. He defeated President Herbert Hoover in a landslide. -
Bank Holiday
Franklin D. Roosevelt proclaimed a Bank Holiday, beginning March 6-13 1933, that shut down the banking system. When it reopened depositors stood in line to return their hoarder cash. -
Agricultural Adjustment Act Created
Signed into law by Roosevelt. Among the law's goals were limiting crop production, reducing stock numbers, and refinancing mortgages with terms more favorable to struggling farmers. -
Tennessee Valley Authority Created
President Roosevelt signed the act on this day creating the TVA as a Federal Corporation. This was important because it tackled important problems facing the valley, such as flooding, providing electricity to home and businesses, and replanting forest. -
The Securities Exchange Act of 1934
Created to govern securities transactions on secondary market, after issue, ensuring greater financial transparency and accuracy and less fraud or manipulation. -
Social Security Created
Signed into law in addition to several provisions for general welfare. The new act created a social insurance program designed to pay retired workers age 65 or older a continuing income after retirement -
Huey Long Assassinated
Assassination happened right after the passage of the bill effectively removing Pavy, Pavy's son-in-law Carl Weiss, approached long and shot him in the torso with a handgun. Long's bodyguards responded by firing at Weiss with their own pistols killing him. -
Hoover Dam Created
Concrete arch-gravity dam in the Black Canyon of the Colorado River, on the border between the U.S. states of Nevada and Arizona. Constructed between 1931-1936 and was dedicated on September 30, 1935 -
The Judicial Procedures Reform Bill of 1937
Legislative initiative proposed by U.S. President Franklin D. In the Judiciary Act of 1869 Congress had established that the United States Supreme Court would consist of the Chief Justice and eight associated justices
