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The wall street crash followed a bull market marked by a 5 year rise of the DJIA. The federal reserve attempted to curtail investor by raising the rediscount rate to 6% -
By 1930, more than 3.2 million people were unemployed, up from 1.5 million before the stock market crash of October 1929. -
The Smoot-Hawley Act was created to protect U.S. farmers and other industries from foreign competitors. The Smoot-Hawley Act increased tariffs on foreign imports to the U.S. by about 20%. -
a series of droughts combined with non-sustainable agricultural practices led to dust storms, famine, diseases and deaths related to breathing dust. This caused the largest migration in American history. -
he Senate defeated the Bonus Army bill, sparking a weeks-long protest in the capital. Eventually, troops were sent to disperse the “Bonus Army.” By 1933 nearly 13 million Americans were out of work. -
The National Industrial Recovery Act of 1933 was a US labor law and consumer law passed by the 73rd US Congress to authorize the president to regulate industry for fair wages and prices that would stimulate economic recovery. It also established a national public works program known as the Public Works Administration. -
With the Great Depression casting a shadow over the 1932 election, Democrat Franklin D. Roosevelt was elected president over incumbent Republican Herbert Hoover. -
the Twenty-first Amendment to the Constitution, repealing the Eighteenth Amendment. Prohibition hadn't turned out as its advocates expected. Instead of creating a dry America -
The construction created work for thousands of people who came from all over the country. The federal government created an entire town, Boulder City, so the workers and their families had a place to stay. -
In 1935, President Roosevelt signed the Social Security Act, which established benefits for the elderly, the blind, the handicapped, dependent women and children, and the unemployed. -
maintaining peace in the face of increasing hostilities in Europe. Even though the country was still in the midst of the Great Depression, the President declared the US not strictly isolationist, but governed by a “good neighbor” policy -
accused the Supreme Court of stalling the legislation to continue the recovery of a nation “ill-clad, ill-nourished, and ill-housed.” Roosevelt proposed to add up to six new justices and set an age limit for service. -
Germany invaded Poland in 1939, setting off the Second World War. As a result, FDR signed the Neutrality Act of 1939, which ended the arms embargo and authorized “cash-and-carry” -
Lend-Lease aimed to make the United States into what Roosevelt called “the great arsenal of democracy.”