Bus Econ. 1913-1933 By jflummerfelt Jan 1, 1913 Henry Ford invented the moving assembly line Jan 1, 1913 Income Tax was instituted in US/Federal Reserve was Created Jan 5, 1914 Ford Announced Daily pay going from $2.34 to $5.00 Oct 1, 1920 Roaring 20's Jan 1, 1926 40 Hr work week, (5, 8Hr days) Jan 1, 1927 Talking Pictures Oct 24, 1929 Start of Great Depression (Wall Street Crash) Oct 24, 1929 Stablized by bank failures Oct 24, 1930 80% of America was using Electricity (Industry wise) Jan 1, 1932 Unemployment rate was 25% Nov 1, 1932 Roosevelt was Elected President Nov 1, 1932 Roosevelt closed all of the banks Mar 9, 1933 Emergencey Banking act and FDIC came into play
