Tgd

The Great Depression

By jbarnve804

  • Stock Market crash

    The stock market crashed and the Great Depressio began.

  • Unempoyment Rate Highs

    Unemployment averages 3.2% for the year.

  • Unemployment Rises

    Unemployment averages 8.9%

  • Smoot-Hawley Tariff

    Congress passes the Smoot-Hawley Tariff, steeply raising import duties in an attempt to protect American manufactures from foreign competition.

  • Uemployment in 1931 at %

    Unemployment rates reach 16.3%.

  • Major Bank Collapse

    New York's Bank of the United States collapses in the largest bank failure to date in American history.

  • Unemployment in 1932 at 24.1%

    Unemployment rate reaches 24.1%.

  • Roosevelt Elected

    FDR beats Herbert Hoover in the election race.

  • Roosevelt Inauguration

    Roosevelt is inaugurated into office as the 32nd president.

  • Unemployment in 1933 at 24.9%

    Unemployment rate reahces 24.9%.

  • Radio Priest

    "Radio Priest', Charlie Coughlin's weekly broadcast draws an average of 30-45 million listeners.

  • Townsend Propose Pension Plan

    Dr. Francis Townsend sends a letter to the Long Beach Press-Telegram proposing state-funded pensions for the elderly to boost consumption and employment.

  • Share Our Wealth Society Founded

    People are encouraged to share their wealth with others.

  • Unemployment in 1934 at 21.7%

    Unemployment rates reach 21.7%.

  • Townsend Plan Incoroporated

    Townsend's plan for a pension is put itno action.

  • Unemployment in 1935 at 20.1%

    Unempoyment rates reach 20.1%.

  • Townsedn Support Grows

    Over 2 million people support Townsend's idea.

  • Unemployment in 1936 at 16.9%

    Unemployment rates reach 16.9%.

  • Roosevelt Reelected

  • Unemployment in 1937 at 14.8%

  • Unemployment in 1938 at 19%

  • Unemployment in 1939 at 17.2%

  • Mobilizaton Lifts Economy