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The Dust Bowl
From 1930-1936, a huge drought swept across America that destroyed the agriculture. This was a huge economic event because of America heavily depended on its farms to bring in the money and with the farmers not being able supply the demand we fell into a huge economic crisis. -
Empire State Building Begins Construction
A economic achievement by the United States for showing determination in the toughest of times, the Great Depression, showed to the world that America was capable of handling themselves. Made of 60,000 tons of steel, 200,000 cubic feet of Indiana limestone and granite, 10 million bricks, and 730 tons of aluminum, the need for workers was very high. This was probably the best thing for America because of the Great Depression. The increase in jobs helped in terms of the Great Depression -
Smoot-Hawley Tariff Act
The controversial Smoot-Hawley tariff Act affect Americas imports in a multitude of ways. As we raised our import tariffs other European countries did the same. It affect up to 900 imports by up to 48%. This affected the price paid for foreign goods which changed up priorities in the government spending and regulations. -
Unemployment Reaches Record High
The middle of the Great Depression the trough in our countries economy. We were at our countries lowest and because of the terrible conditions many people were unemployed. With many people in the America not working people weren't out buying and so the economy was going down. This event was very painful in economic terms. -
Nevada Legalizes Gambling
In an effort to lift the spirits of the Nevadans, the state opted to legalize gambling. The event would later start for all states to legalize and now it is a 240 billion dollar industry. The goal was to encourage spending and it sort of did. -
Federal Banks Close
On the first of September all the Federal banks close. After those banks failed 140 billion dollars was lost which greatly discouraged the American family. Because of this event the reliability in investing went down and many people didn't see a purpose in it. -
Civilian Conservation Corps
One of the hardest things during the 1930s was the lack of jobs. The Civilian Conservation Corps. helped diminish a bit of this problem. The Civilian Conservation Corps. Offered 2.5 million jobs nationwide. This was super important and a great step in the right direction. The CCC was an innovative federally funded organization that put thousands of Americans to work during the Great Depression on projects with environmental benefits. -
Gold Reserve Act
The United States Gold Reserve Act of January 30, 1934 required that all gold and gold certificates held by the Federal Reserve be surrendered and vested in the sole title of the United States Department of the Treasury. This means people lost money in the banks when they closed and then instead of using their gold to potentially savage themselves. All much be collected to US treasury. -
Export Import Bank of Washington
The export import bank of Washington was a big help to the economy in 1934. The bank was a federal agency that’s mission was to aid American exports. The Bank created and sustained U.S. jobs by financing sales of U.S. exports to foreign buyers. -
Golden Gate Bridge Construction
Built in 1933, the 4200 foot suspension span, made the bridge a wonder. With such a big structure it created many jobs. With a job many people looked at this as a big help to the economy.
