Great Depression

By Tylereverett710
  • HERBERT HOOVER BECOMES PRESIDENT

    HERBERT HOOVER BECOMES PRESIDENT

    -WORKED ON REBUILDING ECONOMY
    -ECONOMIC THEORY: FINANCIAL LOSSES SHOULD AFFECT PROFITS, NOT EMPLOYMENT, THUS MAINTAINING CONSUMER SPENDING AND SHORTENING THE DOWNTURN.
  • STOCK MARKET CRASH

    STOCK MARKET CRASH

    -RAPID DROP IN STOCK PRICES CAUSING ECONOMIC COLLAPSE
  • BANKS CLOSE

    BANKS CLOSE

    -BANKS RAN OUR OF MONEY, PEOPLE WITH DREW MONEY =CASH SUPPLY SHORTAGE.
  • UNEMPLOYMENT HITS A NEW HIGH

    UNEMPLOYMENT HITS A NEW HIGH

    -AMERICANS ARE UNEMPLOYED DUE TO DECREASE IN DEMAND OF PRODUCTS
    - BUISINESSES CLOSE, HALTING INDUSTRIAL PRODUCTION AND CONSTRUCTION.
  • BONUS ARMY GATHER IN WASHINGTON

    BONUS ARMY GATHER IN WASHINGTON

    -THOUSANDS OF WW1 VETERANS DEMAND BONS PAY FOR WARTIME SERVICES TO HELP WITH ECONOMIC HARDSHIP. --VERTERANS AND THEIR FAMILIES WERE FORCED TO LEAVE,
  • END OF PROHIBITION

    END OF PROHIBITION

    -21ST AMENDMENT ENDS PROHIBITION ALLOWING FEDERAL GOVERNMENT TO COLLECT MILLIONS IN ALCOHOL TAXES.
  • CONGRESS CREATES SEC

    CONGRESS CREATES SEC

    -REGULATES STOCK MARKET
    -POWER TAKEN FROM STATES GIVEN TO FEDERAL GOVERNMENT
  • DUST STORM

    DUST STORM

    -MILLIONS OF TONS OF SOIL BLEW OFF THE TERRAIN
    -FARMERS LOST LAND AND HOMES
    -CROP PRICES FALL
    -LEARNED SUSTAINABLE FARMING PRACTICES
  • SOCIAL SECURITY ACT

    SOCIAL SECURITY ACT

    -CONGRESS PASSES SOCIAL SECURITY ACT
    -BENEFITS FOR ELDERLY, DISABLED, UNEMPLOYEMENT INSURANCE
  • ROOSEVELT REELECTED

    ROOSEVELT REELECTED

    -WON BY OVER 500 VOTES
    -ECONOMY CONTINUED TO GROW
  • FAIR LABOR STANDARDS ACT

    FAIR LABOR STANDARDS ACT

    -NATIONAL MINIMM WAGE IS SET
    -CREATING A MINIMUM LIVING STANDARD
    -HELPED TO STABILIZE ECONOMY
  • ROOSEVELT ELECTED FOR A HISTORIC 3RD TERM

    ROOSEVELT ELECTED FOR A HISTORIC 3RD TERM

    -FIRST PRESIDENT TO SERVE 3 TERMS
    -LEADING TO THE RATIFICATION FO THE 22ND ADMENDMENT