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Begining of the Great Depression
In 1929, the stock market in America crashed. This caused for banks to take in more and more loans. Almost 30 billion dollars worth of stocks vanished, and the world known crisis called the Great Depression began. -
Affects of the Great Depression
In march of 1930 1.7 million more Americans are let go from their jobs from the previous month, This sends the citizens into a state of panic, because most people did not relize the severity of the stock market crashing. To stop the chaos the government assured the people within the next month unenployment would be solved, but it never was. -
Americans begin to deport
Mexicans are being deported and food riots are breaking out in Minneapolis. Mexican immagrants are obviously not pleased with this, and authorities struggle to control the violence in Minneapolis. -
New York Bank
The New York Bank of the United Sates collapsed in December of 1931. 200 million dollars worth of deposits are destroyed. This bank went down in history for its failure. -
Soil Erosion Service
The soil erosion service was established in 1933, due to a long year full of droughts. The federal Agricultural service, slaughtered 6 million pigs to stabalize the prices. The public was very much angered by this. -
The first step
In 1934 the union for social justice was establsihed to help spread the different views of the national crisis. Also the works progress administration was put into action and would employ 8.5 million workers in 3,000 counties across the nation. -
Roosevelt Recession
Slowly theeconomy is bouncing back do to the start of the "Roosevelt Recession". This temporarily stalled the progress for 13 months, do to rising unemployment rates, -
Real Progress
Congress authorized 3.75 million dollars in federal spending to bring back the economy. Unemployment goes on for a few more months, but 1939 we will have emerged from the great depression.
