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The stock market crash was the result of a panic that set in on America. The value of stocks had been slowly dropping and on this day, also known as "Black Tuesday," stockholders rushed to sell their stocks.
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This was the largest single bank failure in American history, having over $200 million deposited.
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Food riots break out across the United States. Citizens break through the windows of grocery stores and steal food; it is finally stopped by over 100 policemen.
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Donato Rico created the wood engraving "Industrial Disease #1 - Silicosis," portraying the struggles faced by miners.
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Franklin Delano Roosevelt delivers his first fireside chat, speaking over the radio to encourage Americans and keep them informed
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Civilian Conservation Corps (CCC) was established as an employment program for young men. Men work in the forest, national parks, and federal land
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Takes a minimal control over wage and price variations. Section 7(a) gives the right to organize and bargain, resulting in the establishment of the National Labor Board.
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The Federal Agriculture Program calls for the slaughter of millions of pigs, trying to stabilize prices. There is an uproar in the United States over the wasted meat.
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Boris Gorelick's lithrograph "Sweat Shop" offers insight into the conditions of workers during the Great Depression
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This employs millions of people all over the United States to work on public service projects.
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Michael Gallagher's lithograph titled "Last Shift" portrayed the gloominess and burdens of industry during the Great Depression.
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The gradual progress made by the New Deal faces a setback. Unemployment begins to rise again, and Roosevelt's critics call this the "Roosevelt Recession."
