Great Depression

By 400000024
  • Herbert Hoover Elected President

    Herbert Hoover Elected President

    Herbert Hoover is elected president with over 21 million votes.
  • Black Tuesday

    Black Tuesday

    The biggest stock market crash in history occurs due to poor investing practices.
  • The Bank of the United States shuts down

    The Bank of the United States shuts down

    This major bank along with over 600 others shut down due to the depression.
  • National interest rate increases from 1.5% to 3.5%

    National interest rate increases from 1.5% to 3.5%

    In order to keep the value of the gold standard, the national interest rate was increased.
  • Unemployment rate increases to 23.6%

    Unemployment rate increases to 23.6%

    The unemployment rate keeps going up as more companies go out of business.
  • US Goes of the gold standard

    US Goes of the gold standard

    The United States stops using gold as the main currency.
  • Dust Bowl begins

    Dust Bowl begins

    Poor farming practices caused the earth to become dry and powdery. Wind picked it up and created a wall of dust that covered the sun.
  • FDR signs Work Program Assistance act

    FDR signs Work Program Assistance act

    FDR approves a work relief program that employs 8.5 million people.
  • Heat wave of 1936

    Heat wave of 1936

    A heat wave swept through the country and killed over 1000 people.
  • Recession of 1937

    Recession of 1937

    Another recession occurs while the country recovers from the Great Depression. The unemployment rate rises again.
  • Fair Labor Standards Act passed

    Fair Labor Standards Act passed

    The 40 hour work week and time and a half overtime becomes a law in 1938,
  • World War 2 begins

    World War 2 begins

    The depression comes to and end while a world war begins. This war would bring America out of it's economic hardship.