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Hoover Becomes President
Herbert Hoover becomes the 31st President of the United States -
Stock Market Crashes
The stock market started to crash. Millions of Americans rushed to the banks to get all their money back. -
Smoot-Hawley Tariff Act is Passed
The Smoot-Hawley Tariff Act is passed. Many economists say this act contributed to the Great Depression. Was a law that implemented protectionist trade policies in the United States -
The Empire State Building is Completed.
The Empire State Building is completed.The Empire State Building is a 102-story Art Deco skyscraper in Midtown Manhattan, New York City. It was designed by Shreve, Lamb & Harmon and completed in 1931. The building stands a total of 1,454 feet tall. -
New Deal Speech
Presidential candidate Franklin D. Roosevelt makes his "New Deal" speech. -
Bonus Army Marches to Washington
The Bonus Army of U.S. veterans march on Washington and demand their bonus pay. They are removed by the U.S. Army by force. -
New Laws
The First One Hundred Days of Roosevelt's presidency begins. Over 15 new laws are quickly enacted to fight the Great Depression. -
New Regulations for Stock Market
The Federal Securities Act establishes rules and regulations for the stock market. -
The Corporate Bankruptcy Act Becomes Law
The Corporate Bankruptcy Act becomes law. Gave companies an option of being protected from creditors. Previous attempts at federal bankruptcy laws had lasted, at most, a few years. -
National Housing Act
The Federal Housing Administration is established by the passing of the National Housing Act. This act was signed to improve housing conditions, make housing and mortgages more accessible and affordable, and to reduce the foreclosure rate during the Great Depression. The law was part of the New Deal. -
Employment of 8 Million
The Works Progress Administration is established. It will employ 8 million workers over the next several years building things like roads, bridges, and airports. -
Black Sunday
A huge dust storm envelops much of the Midwest. This day is called "Black Sunday." -
The Social Security Act
The Social Security Act is signed into law. The law created the Social Security program as well as insurance against unemployment. The law was part of Roosevelt's New Deal domestic program.
