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Food was noodles with salt and rubbed on them
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Losses of the month will total to about $16 million
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No major legislation is passed adressing the Depression
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GNP: 8.5%
Unemployment: 15.9% -
Over 13 million Americans have lost jobs since 1929.
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10,000 banks have failed since 1929, or 40% of the 1929 total
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International trade has fallen by two-thirds since 1929
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Congress passes:
Federal Home Loan Bank Act
Glass-Steagall Act of 1932 -
Raised 25 to 63 percent
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Roosevelt inaugurated; begins "First 100 Days"; of intensive legislative activity.
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GNP significantly slowed; it goes down 2.1% this year.
Unemployment raises slightly, to 24.9% -
Ecnomy truns around. GNP rises 7.7%. Unemployment falls to 21.7%
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Supreme Court declares the National Recovery Administration to be unconstitutinal.
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Banking Act of 1935, the Emergency Relief Appropriation Act, the Nationa; Labor Relations Act, and the Social Security Act get passed by congress
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GNP grows a record of 14.1%
Unemployment falls to 16.9%
