Great Depression

  • The value of farmland falls 30 to 40 percent between 1920 and 1929.

    The value of farmland falls 30 to 40 percent between 1920 and 1929.
  • A constitutional amendment ratified in 1920 to grant women the right to vote. Not surprisingly, the number of voters in the presidential election later that year nearly doubled compared to the numbers from the election of 1916.

    A constitutional amendment ratified in 1920 to grant women the right to vote. Not surprisingly, the number of voters in the presidential election later that year nearly doubled compared to the numbers from the election of 1916.
  • An act passed in 1921 to establish national yearly quotas for immigration. The act limited the total number of immigrants admitted annually from each country to 3 percent of the number of persons from that country living in the United States in 1910

    An act passed in 1921 to establish national yearly quotas for immigration. The act limited the total number of immigrants admitted annually from each country to 3 percent of the number of persons from that country living in the United States in 1910
  • The 1921 trial of Italian immigrants Niccola Sacco and Bartolomeo Vanzetti, both self-proclaimed atheists and anarchists, who were accused of murder, found guilty, and executed, largely because of their ethnicity and Communist leanings

    The 1921 trial of Italian immigrants Niccola Sacco and Bartolomeo Vanzetti, both self-proclaimed atheists and anarchists, who were accused of murder, found guilty, and executed, largely because of their ethnicity and Communist leanings
  • The Ku Klux Klan reaches the height of its influence in America: by the end of the year it will claim 9 million members. It will decline drastically in 1925, however, after financial and moral scandals rock its leadership.

    The Ku Klux Klan reaches the height of its influence in America: by the end of the year it will claim 9 million members. It will decline drastically in 1925, however, after financial and moral scandals rock its leadership.
  • The top tax rate is lowered to 25 percent - the lowest top rate in the eight decades since World War I.

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

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

    Between May 1928 and September 1929, the average prices of stocks will rise 40 percent. The boom is largely artificial.
  • Over the decade, about 1,200 mergers will swallow up more than 6,000 previously independent companies; by 1929, only 200 corporations will control over half of all American industry.

    Over the decade, about 1,200 mergers will swallow up more than 6,000 previously independent companies; by 1929, only 200 corporations will control over half of all American industry.
  • starting with the fall in stock prices that began around September 4, 1929

    starting with the fall in stock prices that began around September 4, 1929
  • when did it happen?

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

    Supreme Court rules that the monopoly U.S. Steel does not violate anti-trust laws as long as competition exists, no matter how negligible.
  • Severe drought and Dust Bowl conditions began to ruin farmers’ land, a condition that lasted until 1935

  • By May 1930, automobile sales had declined to below the levels of 1928

    By May 1930, automobile sales had declined to below the levels of 1928
  • Congress established the Reconstruction Finance Corporation to lend $2 billion to banks, insurance companies, building and loan associations, and farming organizations

  • president at end of Great Depression

    president at end of Great Depression
  • By April 1933, around $7 billion in deposits had been frozen in failed banks or those left unlicensed after the March Bank Holiday.

    By April 1933, around $7 billion in deposits had been frozen in failed banks or those left unlicensed after the March Bank Holiday.
  • Economic recovery continues: GNP grows a record 14.1 percent; unemployment falls to 16.9 percent.

    Economic recovery continues: GNP grows a record 14.1 percent; unemployment falls to 16.9 percent.
  • A bill passed in 1938 to establish a national minimum wage and a forty-hour workweek for workers employed by companies conducting interstate commerce. The Fair Labor Standards Act was one of the last pieces of Second New Deal legislation.

    A bill passed in 1938 to establish a national minimum wage and a forty-hour workweek for workers employed by companies conducting interstate commerce. The Fair Labor Standards Act was one of the last pieces of Second New Deal legislation.
  • World War II starts with Hitler's invasion of Poland.

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