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New York Stock Exchange closed for ten days, 89 railroads went bankrupt
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unemployment reached 14% during this time
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New York's Knickerbocker Bank Fails. People rush to withdraw their money from their banks, causing 246 other bank failures
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Henry Ford's assembly line helps increase employment throughout multiple industries. It also makes products more affordable for people, stimulating the economy
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The great depression worsens with over 10,000 bank failures and an unemployment rate of almost 25%
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Most economists believe that President Roosevelt's New Deal programs instigated the economic recovery from the Great Depression
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The start of WWII sparks an economic boom. Employement rises and business thrives.
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JFK's Revenue Act was passed and was a $12 billion tax cut. The economy soared
