Mocking Bird Time line By reuben28 Jan 1, 1929 Hoover reduces all income tax by 1% Oct 24, 1929 Stock Market crashes Nov 1, 1930 First major bank runs and failures Jan 1, 1932 Congress approves tax increase Jun 1, 1932 Federal Reserve system undertook open market purchases Jan 1, 1933 13 to 15 million people lost their jobs Jan 1, 1939 Trade starts up due to World War 2