-
In January, 1926, the price of stocks was at $82.75.
-
-
During May of 1929, stock prices hit the highest point during this time span of 1926 - 1941. In 1929, the stock price was $264.5.
-
On October 24, 1929, the most devastating crash in US history occurred on Wall Street. This day is known as "Black Thursday."
-
The unemployment rate in 1930 was at 8.7 %.
-
The unemployment rate in 1931 was at 19.5%.
-
Great Depression worsens. 10,000 banks fail. Unemployment reaches 25%.
-
Congress passed the Emergency Banking Act.
-
The unemployment rate in 1933 was at 24.9%.
-
Social Security Bill is signed.
-
Great Depression ends due to huge government spending for World War Two.
-
The price of stocks in December 1941 was $74.00.