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Herbert Hoover becomes the 31st President of the United States.
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Known as "Black Tuesday", the stock market not only hit its peak just days ago, it plunged to its lowest point.
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-The Smoot Hawley Tariff Act is passed. Many people say this act contributed to the Great Depression.
- Previous events cause present banks to plummet. -
- Food riots are now breaking out in the USA
- The Empire State Building is completed
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- Unemployment Rises to 23.6 percent and over 10,000 banks have failed since 1929.
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- Franklin D. Roosevelt is elected president.
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A huge dust storm envelops much of the Midwest. The people Call it,"Black Sunday".
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-The Social Security Act is signed into law.
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- FDR is elected for his second term as the president of the United States.
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- World War II begins when Germany invades Poland. The depression ends and the U.S. builds up its armed forces.