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Stock Market Crash
Known as Black Tuesday and Thursday, many Americans sold their stocks in anticipation for the economy to crumble. This resulted in stock prices to plummet and for many banks to fail. -
The Dust Bowl
Reaccuring during the 1930's, the Dust Bowl started in the Oklahoma area. The causes of the Dust Bowl was over farming, and destruction of trees and other vegetation. The Dust Bowl created large scale famine, and a mass migration of people westward. -
RFC
RFC or Reconstruction Finance Corporation was a programmed that allowed the government to play a larger role in American economic life. A strategy of the RFC was pump priming, which put money into large corporations in attempt to make new jobs and stimulate consumer spending. -
The Bonus Army
More than 15,000 unemployed WWI veterans marched to Washington D.C. to try and receive their bonuses early for serving which they were suppose to get in 1945. President Hoover eventually ordered the military to end the march, but in turn Hoover's support dropped drastically. -
The 1932 Presidential Election
With many Americans fed up with Herbert Hoover, Franklin D. Roosevelt won the presidential election 472 to 59 electoral votes. Roosevelt's election signafied a distrust in Republicans such as Hoover. -
Unemployment
Unemployment had been increasing each year from 1929, but in 1933 it hit its peak at 24.9% of Americans unemployed. The rate dropped off from 1934 and finally got back to a low amount in 1941. -
FDR's First Hundred Days
With a majority Democratic house, Roosevelt was able to pass many bills in the first couple months of his presidency. A few crucial ones that were passed was the Agricultural Adjustment Act (AAA), the Federal Emergency Relief Administration (FERA), the FDIC and the Securites and Exchange Commission (SEC). -
Second New Deal
The second part to FDR's national recovery plan shifted to social injustices. The Social Security Act gave money to people who would retire which in turn opened new jobs for younger people. The Second New Deal was a milestone in U.S. history as the government became more involved in U.S. citizens everyday lives. -
Harlem Riots
During the Depression, the African Americans were payed the lowest and or unemployed and were greatly mistreated. Harlem, a suburb of New York City, was the site of a race riot where the blacks destroyed millions of dollars worth of property in demonstration to get fair treatment in rental cost and jobs. -
WWII
With the attack on Pearl Harbor, The U.S. had gotten itself in the midst of another world war. To be involved, the U.S. had to go into Total War mode which meant every citizen help in the effort. The preparations for war sparked lots of jobs and Americans buying war bonds. The starts of WWII is considered to be the end of the Great Depression.
