Wallstreet

The Great Depression

By RogersUOE
  • Herbert Hoover becomes President

    Herbert Hoover becomes President

    Herbert Hoover held office for less than eight months when the stock market crashed and the United States faced the Great Depression.
  • The Stock Market Crash

    The Stock Market Crash

    This event occured over a period of about five days starting on October 24, 1929, otherwise known as Black Thursday.
  • New York Bank of the United States collapsed

    New York Bank of the United States collapsed

    At the time of the collapse, the bank had over $200 million in deposits.
  • Franklin D. Roosevelt become President

    Franklin D. Roosevelt become President

    Roosevelt takes over presidency becoming the thirty second president of the United States.
  • Bank Holiday

    Bank Holiday

    President Roosevelt announces a four day Bank Holiday to begin. During that time, he promises, Congress will work on coming up with the plan to save the failing bank industry.
  • Glass-Steagall Act

    Glass-Steagall Act

    Congress passed the GSA to seperate comerical from investment banking.
  • Federal Agricultural Program

    Federal Agricultural Program

    In effort to stabilize prices, the Federal Agricultural Program ordered the slatter of more than six million pigs.
  • Cival Works Administration

    Cival Works Administration

    The Cival Works Administration is established.
  • The Dust Bowl starts

    The Dust Bowl starts

    Crops started dying is the South.
  • Social Security Act of 1935

    Social Security Act of 1935

    Franklin D. Roosevelt signed into law The Social Security Act of 1935. Now Social Security will be financed through a payroll tax.