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New Deal
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Great Depression begins
The Great Depression begins in 1929 as stock market speculation in certain stocks causes many to withdraw their money out of banks in a frenzied fashion. This resulted in the collapse of many economies and financial hardship for many Americans. -
FDR's in office
Franklin D. Roosevelt, governor of New York for many years, is elected President, amongst the hardest times of the Great Depression. His plan, the New Deal, was his vision for pulling America out of the Great Depression. He told many people that the only thing to fear was fear itself. -
New Deal Begins
Once FDR is elected, his New Deal officially begins. Many programs are started such as the REA, NRA, and the FDIC, among others, to help boost the American economy back to pre-Depression levels. -
WPA
Despite some early setbacks, FDR's New Deal brings some stability to the American economy and a necessary stimulus for many working Americans. FDR's WPA (Works Progress Administration) brought many Americans back to work and eventually helped build such great sructures as the Hoover Dam. -
Pearl Harbor
With the Japanese bombing Pearl Harbor and the beginning of WW2, America finds itself pulling out of the Great Depression and eventually, becoming the greatest economic superpower the world has ever seen.
