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This marks the beginning if the Great Depression. The stock market crashes with losses around $16 billion.
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This act was put in place to protect American farmers from agricultural imports. This act was no help to the Great Depression though, it caused a large decline in trading internationally.
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Throughout the year of 1931 the Gross National Product (GNP) another 8.5 percewnt fromt he year before. While unemployment raises 15.9%.
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Created by Herbet Hoover this corperation originally only lent money to Financial Business and Agricultural companies. Its purpose was to help make the economy active by lending money.
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this act was to separate investment and comercial banking. Thought up by two members of congress, during the time of improper banking activitie.
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This act gave the president the authority to adjust tariff rates. Thinking this would bring trade agreements to a speendy recovery.
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World War Two starts as hittler invades polland. As the U.S spends money on war fares, pulling us out of the depression.