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The Great Depression
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The Ku Klux Klan reaches the height of its influence in America: by the end of the year it will claim 9 million members.
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The period of major construction in the US finally ends.
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More than half of all Americans are living below a minimum subsistence level
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Recession begins in August, two months before the stock market crash. During this two month period, production will decline at an annual rate of 20 percent, wholesale prices at 7.5 percent, and personal income at 5 percent.
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Stock market crash begins October 24. Investors call October 29 "Black Tuesday." Losses for the month will total $16 billion, an astronomical sum in those days.
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The first bank panic occurs later this year; a public run on banks results in a wave of bankruptcies. Bank failures and deposit losses are responsible for the contracting money supply.
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The Scottsboro boys are arrested March 25, 1931
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10,000 banks have failed since 1929, or 40 percent of the total across the country.
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Unemployment rises slightly, to 24.9 percent.
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The United States goes off the gold standard, using just paper money.
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FDR Said this in his First Inagural Adress
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The Scottsboro Trial begins April 6, 1931
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A fire broke out in Turnminal Hotel in Alanta, GA in may 16, 1938
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In 1937, a KKK member attacked a shoe store owner in Tampa, Fl. The shoe store owner, Jospeh, was beaten to death.
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WW2 starts. America borrows 1 billion dollars to prepare for war, pulling the US out of dept.
