The Great Depression

Presiden Hoover is elected as President

Nov 6, 1928

Hoover was elected president on Nov. 6 1928. He beat out Al Smith 444 votes to 87.

Great Depression

Period: Jan 1, 1929 to Dec 7, 1941

Agricultural Marketing Act

Jun 15, 1929

The act was passed by congress to help farmers. It was supposed to bail out the farmers and make a resonable price for crops.

Dust Bowl

Aug 23, 1930

The dust bowl was a long stom of dirt and dust that covered the whole midwest. It killed plants and livestock and made cut the price of the crops that did live drastically.

Taxes

Jan 11, 1932

Due to the lack of money in the government they raise the taxes. The taxe rate went from 25 to 65 %.

FDR Elected President

Nov 5, 1932

Hoover lost the faith of the citizens and Roosevelt eaisly won. Democrats gain control of Congress

Unemployment Low

Jan 11, 1933

The GPN falls another 2.1 percent. The unemployment rate rises to 24.9 %

Keynesian deficit spending

Jan 11, 1933

Roosevelt started to take money from the rich and give it to the poor. And wants to keep a balanced budget. Also he rejects the Keynesian deficit spending idea.

Banking Panic

Mar 11, 1933

A third banking panic happens in March, and FDR declares a Bank Holiday. He closes a finantial institutions to stop a bank run.

World War II

Jan 11, 1939

Hitler invades Poland. Japan and zitaly join with Germany. U.S. goins in following years.