The Great Depression

By huntlucas16
  • Germany sign the Treaty of Versailles

    Germany sign the Treaty of Versailles

  • An average of 600 banks fail each year

  • Mussolini takes over in Italy

    Mussolini takes over in Italy

  • Supreme Court nullifies minimum wage for women in District of Columbia.

    Supreme Court nullifies minimum wage for women in District of Columbia.

  • The stock market begins its spectacular rise. Bears little relation to the rest of the economy.

  • The value of farmland falls 30 to 40 percent between 1920 and 1929.

    The value of farmland falls 30 to 40 percent between 1920 and 1929.

  • The top tax rate is lowered to 25 percent - the lowest top rate in the eight decades since World War I.

  • The middle class comprises only 15 to 20 percent of all Americans.

  • The construction boom is over.

  • Farmers' share of the national income has dropped from 15 to 9 percent since 1920.

    Farmers' share of the national income has dropped from 15 to 9 percent since 1920.

  • World Economy Crisis

  • Herbert Hoover becomes President. Hoover is a staunch individualist but not as committed to laissez-faire ideology as Coolidge.

    Herbert Hoover becomes President. Hoover is a staunch individualist but not as committed to laissez-faire ideology as Coolidge.

  • More than half of all Americans are living below a minimum subsistence level

  • Rising nationalism in Europe and Japan

    Rising nationalism in Europe and Japan

  • Hitler takes power

    Hitler takes power

  • FDR is elected US President

  • Roosevelt inaugurated; begins "First 100 Days" of intensive legislative activity.

    Roosevelt inaugurated; begins "First 100 Days" of intensive legislative activity.

  • U.S. goes off the gold standard.

    U.S. goes off the gold standard.

  • Sweden becomes the first nation to recover fully from the Great Depression.

  • Congress passes the Securities and Exchange Act and the Trade Agreement Act.

  • Neutrality Act

  • The Supreme Court declares the National Recovery Administration to be unconstitutional.

  • Economic recovery continues: the GNP grows another 8.1 percent, and unemployment falls to 20.1 percent.

    Economic recovery continues: the GNP grows another 8.1 percent, and unemployment falls to 20.1 percent.

  • Hitler put military to Rhineland

    Hitler put military to Rhineland

  • Top tax rate raised to 79 percent.

  • Roosevelt seeks to enlarge and therefore liberalize the Supreme Court. This attempt not only fails, but outrages the public.

    Roosevelt seeks to enlarge and therefore liberalize the Supreme Court. This attempt not only fails, but outrages the public.

  • Britain becomes the third nation to recover as it begins deficit spending in preparation for war.

    Britain becomes the third nation to recover as it begins deficit spending in preparation for war.

  • Hitler and Stalin start WW2

    Hitler and Stalin start WW2