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Stock market crashes, Black Tuesday
Stock market crashed, Black Tuesday -
Dust bowl started
Severe drought and Dust Bowl conditions began to ruin farmers’ land, a condition that lasted until 1935. -
Food riots
Food riots broke out, workers marched on Detroit, and “foreign workers” were deported -
Government lend banks money
Congress established the Reconstruction Finance Corporation to lend $2 billion to banks, insurance companies, building and loan associations, and farming organizations -
Stocks plummet
Stocks reached their lowest point -
Roosevelt and Hoover
Franklin D. Roosevelt beat Herbert Hoover in a landslide -
Roosevelt
Franklin D. Roosevelt took office -
three day "bank holiday"
Roosevelt announced a three-day “bank holiday” to prevent a third run on banks and to shore up the banking system -
Civil Works Administration
The Civil Works Administration (CWA) was established to employ up to 4 million people on public works projects -
Work Projects Administration formed
The Work Projects Administration (WPA) was formed to employ up to 8.5 million people on public works projects across the country -
Soical Security Act signed
The Social Security Act was signed into law, financed through payroll taxes -
reelection
FDR was elected to a second term as president -
FDR asks Congress for more money
FDR asked Congress for an additional $3.75 billion to stimulate the still floundering economy -
third term election
FDR was elected to a third term as president -
World War II
Preparations for World War II stimulated the American economy and effectively brought an end to the Great Depression
