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Wall Street Crash
The American stock market collapses, signaling the onset of the Great Depression. The Dow Jones Industrial Average peaks in September 1929 at 381.17—a level that it will not reach again until 1954. This is imporant event during the Great Depression becuase they wouldn't give people jobs anymore and without jobs they won't have any food and this is a good examples of the Great Depression. -
Smooth- Hawley Tariff
Congress passes the Smoot-Hawley Tariff, steeply raising import duties in an attempt to protect American manufactures from foreign competition. This was an important event for me during the Great Depression because U.S imports were decreasing. -
Major Bank Collapse
This event was an important event becuase the biggest bank in the U.S. collapses and lose $200 million in deposits. -
Roosevelt Elected
This was an important event because Roosevelt defeated incumbent Republican President Herbert Hoover in a landslide to win the presidency. -
Townsend Proposes Pension Plan
This was important because Dr. Francis Townsend send a letter to the Long Beach Press- Telegram proposing state-funded pensions of the elderly to boost consumption and employment. -
Townsned Plan Incorporated
This was important because this was when they started to lead the Townsend Plan movement. -
Share Our Wealth Society Founded
This was an important event because this was asking people that was rich to load some money to the poor. -
Unemployment Rate Went Up in 1935
The unemployment rate average was 20.1% for the year so it got worst every year. -
Townsend Support Grows
This was an important event becuase this idea of Townsend grew big like more than 5000 townsend clubs nationwide together represent more than 2 million memeber. An estimated 25 million Americans have signed petitions asking their represntatives to back the Townsend Plan in Washingtion. -
Mobilization Lifts Economy
This was an important event because the Japanese attack on Pearl Harbor drawd U.S. into World War II. Mobilization for war finally lifts the American economy permanently out of the Great Depression.
