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People who had bought stocks on credit were stuck with huge debts as the prices plummeted, while others lost most of their savings. The Stock Market crash signaled the beginning of the Great Depression.
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About 20,000 WW1 veterans and their families arrived in Washington D.C. Nervous that the angry group could become violent, President Hoover used a force of 1,000 soldiers to roust the veterans. His inability to deal with the depression, gave way to democratic canidate FDR
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Democratic challenger Franklin D. Roosevelt defeats President Hoover in the presidential election for his first of an unprecedented four terms.
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March 9 - June 16, 1933 Congress passed more than 15 major prices of New Deal legislation.
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The Federal Scurities Act required corporations to provide complete information on all stock offerings and made them liable for any misrepresentations.
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The dustbowl started in the early 1930's but its first storm took place on November 11 1933. Kansas, Oklahoma, Texas, New Mexico, and Colarado were hit the hardest.
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One of the largest was the WPA which set out to create as many jobs as possible as quickly as possible. It spent $11B to give jobs to more than 8M workers, most of them unskilled.
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One of the most important achievments of the New Deal was the Social Security Act. It provided a pension for retired workers and their spouses and aided people with disablities.
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Set rules for the unempployment of workers under 16 and banned hazardous factory work for those under 18.
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The Great Depression of the 1930's ended when the U.S entered World War II.
