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1929- stock market crash
On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors -
unemployment
More than 3.2 million people are unemployed, up from 1.5 million before the October, 1929 crash -
food riots
"Food riots" begin to break out in parts of the U.S. In Minneapolis, several hundred men and women smash the windows of a grocery market and make off with fruit, canned goods, bacon, and ham -
city relief
More than 750,000 New Yorkers are reported to be dependent upon city relief, with an additional 160,000 on a waiting list. Expenditures average about $8.20 per month for each person on relief. -
emergency banking act
By March 9, Congress passes the Emergency Banking Act of 1933. By month's end, three-quarters of the nation's closed banks will be back in business. -
dust storm,3 days long!
A three-day dust storm blows an estimated 350 million tons of soil off of the terrain of the West and Southwest and deposits it as far east as New York and Boston. Some east coast cities are forced to ignite street lamps during the day to see through the blowing dust -
fdr signs act
FDR signs the Wagner National Labor Relations Act. The goal of the act is to validate union authority and supervise union elections. -
FDR wins again
Defeating Kansas Governor Alfred M. Landon, FDR is elected to his second term as president, winning every state in the Union except Maine and Vermont. -
recovery
The slow economic recovery made possible by New Deal programs suffers a setback as unemployment rises. FDR's detractors call it the start of the "Roosevelt recession." -
Fdrs asking favor
FDR asks Congress to authorize $3.75 billion in federal spending to stimulate the sagging economy. Economic indicators respond favorably over the next few months. Still, unemployment will remain high and is predicted to stay that way for some time. -
WWII begins
germany invades poland. two days later. England and france declare war on germany. world war II begins -
getting better
By the early 1940s, war production orders had effectively ended the unemployment and deflation that had marked so much of the 1930s
