-
World War 1 ends, and America enters a period of excessive spending on credit, grand peace, and cultural conflict.
-
The Volstead Act closed every tavern, bar, and saloon in the U.S.
-
Due to the Red Scare, the National Origins Act set immigration quotas that excluded some nations.
-
In 1927, 100 million copies were sold in that year alone.
-
By 1929 there was a car for every 5 Americans, but the stock market crashed too, so most people had to sell them.
-
People tried to draw out all their money, but there wasn't enough for everybody, and people lost everything.
-
Frank D. Roosevelt was the 32nd president of the U.S, and beat Herbert Hoover by a landslide victory.
-
In 1933, some 13-15 million americans were unemployed, and nearly half of the country's banks had failed and closed.
-
The economy is rcovering slowly, but the Federal Reserve decides to increase reserve amounts, and is a poor decision, but is improving once again by 1938, 1 year later.
-
The production lines are maximized again, and the economy reaces it's pre-depression levels. YAY!