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Black Tuesday was a day of chaos. Forced to liquidate their stocks because of margin calls, overextended investors flooded the exchange with sell orders. The Dow fell 30 points to close at 230 on that day. The glamour stocks of the age saw their values plummet. Across the two days, the Dow Jones Industrial Average fell 23%.
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act sponsored by Senator Reed Smoot and Representative Willis C. Hawley and signed into law on June 17, 1930, that raised U.S. tariffs on over 20,000 imported goods to record levels
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uring the administration of President Herbert Hoover. It was modeled after the War Finance Corporation of World War I. The agency gave $2 billion in aid to state and local governments and made loans to banks, railroads, mortgage associations and other businesses. The loans were nearly all repaid. It was continued by the New Deal and played a major role in handling the Great Depression in the United States and setting up the relief programs that were taken over by the New Deal in 1933.
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The Federal Home Loan Bank Act, Pub.L. 72–304, 47 Stat. 725, enacted July 22, 1932, is a United States federal law passed under President Herbert Hoover in order to lower the cost of home ownership. It established the Federal Home Loan Bank Board to charter and supervise federal savings and loan institutions. It also created the Federal Home Loan Banks which lend to S&Ls in order to finance home mortgages.
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The Bonus Army was the popular name of an assemblage of some 43,000 marchers—17,000 World War I veterans, their families, and affiliated groups—who gathered in Washington, D.C., in the spring and summer of 1932 to demand cash-payment redemption of their service certificates. Its organizers called it the Bonus Expeditionary Force to echo the name of World War I's American Expeditionary Force, while the media called it the Bonus March. It was led by Walter W. Waters, a former Army sergeant.
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On his first day in office, March 4, 1933, FDR called Congress into a special session. He then proceeded to drive a series of bills through Congress that reformed the U.S. banking industry, saved American agriculture and allowed for industrial recovery.
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Questions "seethed" in ER's mind about what she should do after March 4, 1933. Afraid of being confined to a schedule of teas and receptions, ER volunteered to do a "real job" for FDR. She knew that Ettie Rheiner (Mrs. John Nance) Garner served as an administrative assistant to her husband the Vice-President, and ER tried to convince FDR to let her provide the same service. The President rebuffed the First Lady's offer. Trapped by convention, she begrudgingly recognized that "the work [was FDR's
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Became first Female cabinet member.
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Made head of the Division Negro affairs and the national youth administration.
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FRD was elected president
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On the Bank Crisis
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Become commissioner of Indian Affairs
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An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment banking business. The Glass-Steagall Act was sponsored by Senator Carter Glass, a former Treasury secretary, and Senator Henry Steagall, a member of the House of Representatives and chairman of the House Banking and Currency Committee. The Act was passed as an emergency measure to counter the failure of almost 5,000 banks during the Great Depression. The Glass-Steaga
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The Dust Bowl, also known as the Dirty Thirties, was a period of severe dust storms that greatly damaged the ecology and agriculture of the US and Canadian prairies during the 1930s; severe drought and a failure to apply dryland farming methods to prevent wind erosion it alos cause phnomenon.
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a foundational statute of US labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining for better terms and conditions at work, and take collective action including strike if necessary.
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also known as the Boulder dam
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he legislation was unveiled on February 5, 1937, and was the subject of Roosevelt's 9th Fireside chat of March 9, 1937.[6][7] Three weeks after the radio address the Supreme Court published an opinion upholding a Washington state minimum wage law in West Coast Hotel Co. v. Parrish
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With the National Labor Relations Act of 1935, Congress determined that labor- management disputes were directly related to the flow of interstate commerce and, thus, could be regulated by the national government. In this case, the National Labor Relations Board charged the Jones & Laughlin Steel Co. with discriminating against employees who were union members.
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The Congress of Industrial Organizations (CIO), proposed by John L. Lewis in 1928, was a federation of unions that organized workers in industrial unions in the United States and Canada from 1935 to 1955.
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The grapes of Wrath was published
