Gdt

Great Depression Timeline

By andrewdlee21
  • The Great Depression Begins

    The Great Depression Begins

    The stock market plunges. This day will became known as "Black Tuesday."
  • The Bank of the United States failed.

    The Bank of the United States failed.

    It was the fourth-largest bank in the nation, and the largest bank failure in history at that time. Worried about budget deficits, Hoover returned the top income tax rate to 25%. The economy shrank 8.5%. The unemployment rate rose to 8.7%. Deflation set in as prices fell 6.4%.
  • Hoover signed the Revenue Act of 1932.

    Hoover signed the Revenue Act of 1932.

    It increased the top income tax rate to 63%. He wanted to reduce the federal deficit. Hoover believed it would also restore confidence. Instead, higher taxes worsened the Depression.
  • Franklin Delano Roosevelt launched the New Deal with the Emergency Banking Act.

    Franklin Delano Roosevelt launched the New Deal with the Emergency Banking Act.

    It closed all U.S. banks to stop devastating failures.
  • The Civilian Conservation Corps

    The Civilian Conservation Corps

    Launched to hire three million workers to maintain public lands.
  • The Civil Works Administration

    The Civil Works Administration

    Created four million construction jobs.
  • The Gold Reserve Act

    The Gold Reserve Act

    Prohibited private ownership of gold and doubled its price. The act changed gold price history.
  • Black Sunday

    Black Sunday

    The worst dust storm ever. FDR passed the Soil Conservation Act to teach farmers sustainable methods.
  • The Soil Conservation & Domestic Allotment Act

    The Soil Conservation & Domestic Allotment Act

    Paid farmers to plant soil-building crops.
  • The Emergency Relief Appropriation

    The Emergency Relief Appropriation

    Created the Works Progress Administration to hire 8.5 million people.
  • The Rural Electrification Act

    The Rural Electrification Act

    Helped farms to generate electricity for their areas.
  • Start of WWII

    Start of WWII

    Adolf Hitler invades Poland and triggers the final straw to start the 2nd World War