Great Depression

  • Period: to


  • Wall Street Crash

    The sales increased leading up to the crash along with some high trading periods. The difference in the trading and selling made the market unstable.
  • Smoot-Hawley Tariff

    Congress passes the Smoot-Hawley Tariff, raising import duties to protect American manufactures from foreign competition. Effects Europes economy in a negative way.
  • Magor Bank Collapse

    New York's Bank of the United States collapses in the largest bank failure to date in American history.
  • The Election of Roosevelt

    Democrat Franklin D. Roosevelt defeats Republican President Herbert Hoover in a landslide to win the presidency.
  • Unemployment

    Unemployment averages 24.9% for the year. This is a very high rate and is one of the highest ever recorded.
  • Radio Priest

    "Radio Priest" Charles Coughlin's weekly broadcast draws an average of 30-45 million listeners. This si an example of how powerful the mass media could be. Also how people kept their faith even when the times were tough.
  • Townsend Proposes Pension Plan

    Dr. Francis Townsend sends a letter to the Long Beach Press-Telegram proposing state-funded pensions for the elderly to boost consumption and employment.
  • Roosevelt Reelected

    Franklin D. Roosevelt is elected to a second term as president, winning over Republican Alf Landon.