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Catalyst event
Stock Market Crash 1929- Black Tuesday- Dow Jones lost 12
percent of its value. The stock market lost over $25 billion dollars in 2 days. -
Cataylist event
Stock Market Recovery 1929- Green Sunday- Herbert Hoover put a together a special forces team to search Alaska for natural resources. They came across the largest ever recorded reserve of oil in northern Alaska. This discovery allowed the US to become completely self dependent on oil and this discovery single handedly prevented the US from going into a depression. -
Hoover wins reelection
Herbert Hoover wins reelection after gaining more popularity from the oil discovery in Alaska. Also, his continued lassie faire approach to governing gained him support from his fellow Conservatives. -
American Neutrality Act of 1939
Herbert Hoover wins reelection again in 1936 due to his lassie faire approach to governing. In 1939, Germany invades Poland and subsequently, Britain and France declare war on Germany. He continues the American isolationist policy when it comes to fogeign affairs from the Progressive Era. As a result, Hoover signs the Neutrality Act of 1939 and the US never enters World War II. -
American Neutrality Act of 1939
Hoover's isolationist approach to government kept the US out of Asian affairs. America did not support its allies when placing an embargo on Japan when Japan invaded Indochina, and as a result never became a Japanese enemy. The US never lead Japan into bombing American ports. -
Great Depression 1960s
Due to American isolationism, the US grew away from interdependence on other countries and soon had a fully self sufficient economy. The Consumer culture grew more and more through the 1920s and escaladed through the 30s, 40s, and 50s. There was no bank reform acts ever created and consumer credit grew so much that almost every American adult had a large debt. The US had used every ounce of oil found in the Oil Disocvery of 1929 and on Christmas Day 1959, the stock market blew.
