Great Depression By Robert.2304 Jan 1, 1929 Herbert Hoover becomes the President. Jan 1, 1929 Herbert Hoover becomes President. Period: Jan 1, 1929 to Jan 1, 1941 Great Depression Period: Jan 1, 1929 to Jan 1, 1941 The Great Depression Mar 1, 1929 Backlog of business inventories grows three times larger than the year before. Mar 1, 1929 business inventories grow three times bigger than the year before. Oct 29, 1929 The stock market crash begins on the 24th of October. Investors call October 29 Black Tuesday. Sep 15, 1930 The unemployment rate climbs from 3.2 to 8.7 percent. Feb 15, 1931 No legislation is given addressing the Depression. Feb 15, 1932 These are the worst years of the Great Depression. GNP falls a record 13.4 percent and unemployment rises to 23.6 percent. Jun 15, 1932 Over 13 million Americans have lost their jobs since 1929. Aug 15, 1932 International trade has fallen to one third of what it used to be Apr 9, 1934 Sweden is the first country to recover from the Great Depression. Jun 20, 1934 The Supreme Court declares the National Recovery Administration to be unconstitutional. Oct 23, 1935 Economic recovery continues. GNP grows another 8.1 percent and unemployment falls to 20.1 percent. Sep 9, 1939 The United States starts emerging from the Depression as it spends $1 billion to build its armed forces. Nov 20, 1939 The Depression ends worldwide as nations have to prepare for the coming hostilities. Dec 8, 1939 WW2 Starts and Hitler starts invading Poland
