The Great Depression

  • Stock market crashed

  • Period: to

    Great Depression Important Dates

  • Drought and Dust Bowl conditions ruin farmers’ land

  • Stocks reached their lowest point

  • Franklin D. Roosevelt beat Herbert Hoover in a landslide

  • Franklin D. Roosevelt took office

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

  • Unemployment reached its highest level, at 25%

  • Social Security Act signed into law, financed through payroll taxes

  • FDR was elected to a second term as president

  • FDR asked Congress for an additional $3.75 billion to stimulate the economy

  • FDR was elected to a third term as president

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