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Stock Market Crash
During the 1920s, the U.S. stock market underwent rapid expansion, reaching its peak in August 1929, after a period of wild speculation. By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. -
Wall Street Crash
The Wall Street Crash of 1929, also known as Black Tuesday, the Great Crash, or the Stock Market Crash of 1929, began in late October 1929 and was the most devastating stock market crash. -
Rosevelt was elected president
Franklin D. Roosevelt is elected president for the first time. Many Americans did not think that President Hoover did enough to help them and hope that Roosevelt will end the Depression. -
The Emergency Banking Act is Passed
Congress passes the Emergency Banking Act. By the end of the month, almost all of the banks that had closed when the Depression started are open again. -
The Grapes of Wrath" is published
The book "The Grapes of Wrath" by John Steinbeck is published. The book is about a family that is forced to leave home and try to find work in California during the Great Depression. -
Social security is created
The Social Security Act is signed. The Act provides money every month for senior citizens. -
The Great Depression Ends
The United States declares war on Japan and joins World War II. Because the war creates so much money and jobs for the economy, the Great Depression ends soon after the U.S. goes to war. -
Japan Attacks Pearl Harbor
Japan bombs American ships at Pearl Harbor in Hawaii. Thousands of Americans are killed in the attack.
