Great Depression

By Dani S

  • Herbert Hoover

    Herbert Hoover
    Hoover becomes president.

  • Black Thursday

    Black Thursday
    Commenced the stock market crash.

  • Tariff Act

    Tariff Act
    The president, Hoover signs the Tariff Act.

  • Riots

    Riots
    Food riots broke out in minneapolis.

  • Reconstruction

    Reconstruction
    Congress created the Reconstruction Finance Corporation to lend $2 billion to financial institutions to prevent further failures.

  • Slowing Down

    Slowing Down
    Bank failures slowed, construction contracts increased 30%, and department store sales rose 8%.

  • Revenue Act

    Revenue Act
    Hoover signed the Revenue Act of 1932. It increased the top income tax rate to 63%.

  • More Federal Jobs

    More Federal Jobs
    The Federal Emergency Relief Act created more federal jobs. The Agricultural Adjustment Act paid farmers to limit crops, thus raising prices.

  • New Deal

    New Deal
    Franklin Delano Roosevelt launched the New Deal with the Emergency Banking Act.

  • End of Prohibition

    End of Prohibition
    The Beer-Wine Revenue Act ended Prohibition and taxed alcohol sales to raise revenue.

  • Dust Storms

    Dust Storms
    The Civil Works Administration created 4 million construction jobs. Forty-eight dust storms pummeled Oklahoma and surrounding states.

  • Gold Reserve Act Prohibition

    Gold Reserve Act Prohibition
    The Gold Reserve Act prohibited private ownership of gold and doubled its price.