Great Depression By nixterrocks Period: Apr 1, 1928 to Apr 5, 1933 Great Depression Nov 6, 1928 Herbert Hoover is Elected President Aug 5, 1929 Recession Begins, Production Falls by 20% Oct 29, 1929 Stock Market Crashes Jul 17, 1930 Smoot-Hawley Tariff Act Passed, Extremely High Tax on Imports Dec 1, 1930 First Bank Fails Nov 2, 1932 F.D.R. Elected President Apr 5, 1933 Executive Order 6102 Passed Required people who possessed gold to give it to the Federal Reserve in exchange for $20.97 per troy ounce.