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Period: to
the great depression
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An average of 600 banks fail each year
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.
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President Warren Harding dies in office. Calvin Coolidge, becomes president. Coolidge is no less committed to laissez-faire and a non-interventionist government
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.
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.
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.
Stocks are raised again. http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html -
Herbert Hoover becomes President.
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.
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
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.
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.
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.
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
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
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
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.
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.
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
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
