Great

The Great Depression

By kabrinaharris
  • Black Tuesday

    Black Tuesday

    Stock market crashed
  • Drought

    Drought

    Severe drought and Dust Bowl conditions began to ruin farmers’ land.

  • food riots

    Food riots broke out, workers marched on Detroit, and “foreign workers” were deported
  • congress lend money

    congress lend money

    Congress established the Reconstruction Finance Corporation to lend $2 billion to banks, insurance companies, building and loan associations, and farming organizations

  • lowest point

    Stocks reached their lowest point

  • banks close

    More than 11,000 of the nation’s 25,000 banks had closed
  • new president

    new president

    Franklin D. Roosevelt took office
  • highest unemployment

    highest unemployment

    Unemployment reached its highest level, at 25%

  • NRA

    The National Recovery Administration (NRA) was introduced

  • FDIC

    The Federal Deposit Insurance Corporation (FDIC) was established to insure bank deposits

  • CWA

    The Civil Works Administration (CWA) was established to employ up to 4 million people on public works projects
  • WPA

    WPA

    The Work Projects Administration (WPA) was formed to employ up to 8.5 million people on public works projects across the country
  • SOCIAL SECUITY ACT

    SOCIAL SECUITY ACT

    The Social Security Act was signed into law, financed through payroll taxes.
  • SECOND TERM

    SECOND TERM

    FDR was elected to a second term as president
  • THIRD TERM

    THIRD TERM

    FDR was elected to a third term as president
  • END OF GREAT DEPRESSION

    END OF GREAT DEPRESSION

    Preparations for World War II stimulated the American economy and effectively brought an end to the Great Depression