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"Bonus Bill"
This was also known as the World War Adjusted Compensation Act and granted a benefit to veterans. -
Black Thursday/ Black Tuesday
Also known as the Wall Street Crash of 1929, this was a major stock market crash. This signaled the beginning of a 10 year long Great Depression. -
Food Riots in Minneapolis
The first of many “food riots” across the country broke out when desperate, hungry, and unemployed men and women looted a grocery store in Minneapolis. -
New York’s Bank of the United States collapses
Founded by Joesph S. Marcus in 1913, the bank failed in New York City in 1931. The bank run on its Bronx branch is said to have started the collapse of banking during the Great Depression. -
Congress establishes the Reconstruction Finance Corporation
The Reconstruction Finance Corporation (RFC) was a government corporation in the United States between 1932 and 1957 that provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses. Its purpose was to boost the country’s confidence and help banks resume daily functions after the start of the Great Depression. -
Ford Hunger March
The Ford Hunger March was a demonstration of unemployed workers starting in Detroit and ending in Dearborn, Michigan. The march resulted in four workers being shot to death by the Dearborn Police Department and security guards employed by the Ford Motor Company. Over 60 workers were injured, many by gunshot wounds. Three months later, a fifth worker died of his injuries -
Bonus Army Conflict
This was the popular name for an assemblage of some 43,000 marchers—17,000 U.S. World War I veterans, their families, and affiliated groups—who gathered in Washington, D.C. in the summer of 1932 to demand cash-payment redemption of their service certificates. -
Franklin Delano Roosevelt elected President
Born on January 30, 1882, in Hyde Park, New York, Franklin D. Roosevelt was stricken with polio in 1921. He became the 32nd U.S. president in 1933, and was the only president to be elected four times. Roosevelt led the United States through the Great Depression and World War II, and greatly expanded the powers of the federal government through a series of programs and reforms known as the New Deal. -
Congress passes Glass-Steagall Act
The Glass–Steagall legislation describes four provisions of the U.S. Banking Act of 1933 separating commercial and investment banking. The article 1933 Banking Act describes the entire law, including the legislative history of the provisions covered here. -
Civilian Conservation Corps is established
The Civilian Conservation Corps (CCC) was a public work relief program that operated from 1933 to 1942 in the United States for unemployed, unmarried men from relief families as part of the New Deal. -
Federal Emergency Relief Administration created
Federal Emergency Relief Administration was the new name given by the Roosevelt Administration to the Emergency Relief Administration (ERA) which President Franklin Delano Roosevelt had created in 1933. FERA was established as a result of the Federal Emergency Relief Act and was replaced in 1935 by the Works Progress Administration (WPA).
