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The Stock Market crashes and collapses, making it the worst stock market collapse of history.
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Destroys farms and farmland. Destroys rural economy and jobs.
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Hoover attempts to create new Jobs by starting the construction of the Hoover Dam.
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As people are losing their jobs and the unemployment numbers are rising they go to live in Hoovervilles rather than living on the street. Hoovervilles were compared to slums and were horrible to live in.
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Because of the unemployment we see a huge rise in homelessness and millions of people are either living on the streets or "Hoovervilles."
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Many people blamed the severity of the crash on Hoover and were optimistic about the newly elected FDR.
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15 new laws are implemented to fight the Great Depression. These were designed to employ people, safety nets ,and etc
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Forced people to sell their gold in hopes to help the economy and make money for the government to help with other programs
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FDRs programs made a dent in the huge problem as we see some of these horrible statistics go down
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FDR brought hope and made some quick fixes to the awful Depression ,this caused him to get elected
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WW2 officially starts on this date after Germany and the axis powers start the war against the Allied nations.