the great depression.

the great depression

Period: Jan 1, 1920 to Dec 31, 1945

An average of 600 banks fail each year

Feb 1, 1920

By the end of the decade, the bottom 80 percent of all income-earners will be removed from the tax rolls completely. Taxes on the rich will fall throughout the decade. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

The conservative Supreme Court strikes down federal child labor legislation.

Oct 14, 1922

No child labor http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

President Warren Harding dies in office. Calvin Coolidge, becomes president. Coolidge is no less committed to laissez-faire and a non-interventionist government

Oct 14, 1923

Got a new president who is just like the last one. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

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

Oct 14, 1924

the stock market rises! yay! http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

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

Oct 14, 1925

Tax rate is lowered. Bad. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

Between May 1928 and September 1929, the average prices of stocks will rise 40 percent. The boom is largely artificial.

Oct 14, 1928

Stocks are raised again. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

Herbert Hoover becomes President.

Oct 14, 1929

The president becomes Herbert Hoover. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

Supreme Court rules that the monopoly U.S. Steel does not violate anti-trust laws as long as competition exists, no matter how negligible.

Oct 14, 1930

they didnt have the proper regulations of the monopoly U.S Steel. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

No major legislation is passed addressing the Depression

Oct 14, 1931

They tried to hide the fact that they were going through the great depression. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

10,000 banks have failed since 1929, or 40 percent of the 1929 total.

Oct 14, 1932

Not many people had money and when they did they kept it with them to use so not many people used banks. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

A third banking panic occurs in March. Roosevelt declares a Bank Holiday; closes financial institutions to stop a run on banks.

Oct 14, 1933

Roosevelt tries to stop the banking problem for a while. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

Sweden becomes the first nation to recover fully from the Great Depression. It has followed a policy of Keynesian deficit spending.

Oct 14, 1934

Sweden fully recovers from the great depression . http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

The Supreme Court declares the National Recovery Administration to be unconstitutional

Oct 14, 1935

the government orders that everyone should recover from the depression. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

Top tax rate raised to 79 percent

Oct 14, 1936

tax rate got better. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

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

Oct 14, 1937

Roosevelt tries to open more spots in the Supreme Court and fails, but still got the public mad. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

No major New Deal legislation is passed after this date, due to Roosevelt's weakened political power.

Oct 14, 1938

Roosevelts power is weakend, No new deal legislations are passed. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

World War II starts with Hitler's invasion of Poland.

Oct 14, 1939

In Germany Hitler started World War 2 and started invading countries for Jews http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

Although the war is the largest tragedy in human history, the United States emerges as the world's only economic superpower. Deficit spending has resulted in a national debt 123 percent the size of the GDP. By contrast, in 1994, the $4.7 trillion national

Oct 14, 1945

America helps fight agianst Hitlers army in Germany and somehow got through the Great Depression with higher stocks and tax rates. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html