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Warren G. Harding's Presidency
Warren Harding died from a heart attack. -
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Washington Naval Conference Occurs
All of the world's largest naval powers gathered in Washington, D.C. for a conference to negotiate naval disarmament and ways to relieve growing tensions in Eastern Asia. This conference came out of an international fear of another World War. -
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Calvin Coolidge's Presidency
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Revenue Act of 1924 is Passed
The United States Revenue Act of 1924 was passed on June 6 1924, and slashed income tax on the upper class and corporations it also reduced personal and inheritance taxes, some import taxes, as well as gift tax and access to federal tax returns. -
First New York to Paris Nonstop Flight
Charles Lindbergh flew the "Spirit of St. Louis" across the Atlantic non stop from New York to Paris to collect a $25,000 prize offered by Raymond Ortega. Lindbergh was a mail pilot but relatively unknown until the event. -
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Herbert Hoover's Presidency
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The Stock Market Crash of 1929 (September - October)
The stock market crash of 1929 was one of the worst stock declines ever seen in the United States. Overconfidence in the roaring twenties stock market investments caused an unsustainable market
Overnight, many people lost their businesses and life savings, setting the stage for the Great Depression. It is still one of the biggest losses the DOW has ever seen. -
The Fair Labor Standards Act is Passed
The Fair Labor Standards Act is a set of labor laws that grant workers a 40-hour workweek, as well as overtime pay for any time worked after the 40-hour limit. It also ended child labor and the employment of minors in the United States. -
FDR Launches the "New Deal"
In an attempt to help America recover from the Great Depression and stock market collapse, FDR launched a series of agencies.
AAA (Agricultural Adjustment Administration)
CCC (Civilian Conservation Corps)
FERA (Federal Emergency Relief Administration)
FSA (Farm Security Administration)
FDIC (Federal Deposit Insurance Corporation)
PWA (Public Works Administration)
REA (Rural Electrification Administration)
SSA (Social Security Administration)
TVA (Tennessee Valley Authority)
and several others. -
Roosevelt Begins Famous "First 100 Days"
FDR began his first 100 days in office with quick action to solve the nation's crippling financial panic via the Emergency Banking Act and Fireside Chat programs. FDR penned his New Deal with 15 legislative pieces within these 100 days as well. It has become a staple for US presidents to "prove" themselves within this first 100 day period. -
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Franklin D. Roosevelt's Presidency
Interesting fact, FDR was paralyzed. -
The Gold Standard is Ended (Gold Reserve Act of 1934)
Congress passed the Gold Reserve Act which nationalized all gold by ordering the Federal Reserve banks to turn over their supply to the U.S. Treasury. Banks received gold certificates to be used as reserves against deposits and Federal Reserve notes instead. -
FDR Attempts the Court Packing Scheme
Roosevelt wanted to put restrictions on the court when it came to age. Largely seen as a political ploy to change the court for favorable rulings on New Deal legislation. Roosevelt’s attempt to appoint up to six additional justices to the Supreme Court for every justice older than 70 years, 6 months, who had served 10 years or more. It met large opposition not only in the Supreme Court but in the public's eyes as well. -
World War II Begins
Germany launched a series of attacks on Poland promoting Britain and France to declare war on Germany. America will, later on, join WWII after the attacks on Pearl Habor. -
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WWII
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America is Attacked at Pearl Harbor
Japanese plans bombed pearl harbor killing 2,300 Americans and sinking the USS Arizona and USS Oklahoma, as well as damaging or sinking 21 other ships. This attack prompted America's entry into World War II. America's entry had been long deliberated however this infamous day was the turning point.