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The stock market crash was the beginnging of the Great Depression, hitting about 16 million shares and meaning millions of dollars of losses, wiping out thousands of investors. Many people lost jobs and their money.
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Unemployment is at an average of 17.2 % since the stock market crash.
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Al Capone is convicted of Tax evasion, and later sentenced to 11 years in Federal prison. During the Great Depression , Alcapone actually had some of the first soup kitchens.
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New Yorks Bank of the United States in the largest bank failure to date in American History, after the stock market crash.
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As governor, Roosevelt promised a change and he pledged to to harness the power of the federal government to try to stop the economy's downward spiral.
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The 21st to the U.S Constitution is passed, ending prohibiton,and also reapealing the 18th passed earlier. This amendmant opened up many jobs for people in the liqiour industry who lost their jobs to the Great Depression.
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Franklin pledged to use the power of the federal government to make Americans' lives better from the Great Depression.
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Unemployment reaches 21.7% since the start of the great depression.
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The dustbowl was the name given to the drough that devastated the Great Plains depression-ridden America. The drought was a mix of little rainfall, light soil, and high winds. Crop farming was highly devasated.
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FDR was elected for his second term in the fall of 1936. He constantly worked to repair the damages from the Great Depression.
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The German-American-Bund stages a rally to support their so called True-Americanism in Madison Square Garden in New York. Bund Leader Fritzn Kuhn calls the New Deal, the Jew Deal.
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Franklin Denlano Roosevelt was elected for his 3rd term with the promise of neutrality as far as foreign wars were concerned.
