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The stock market begins its drastic plummet, beginning the Great Depression. This day is the start of the Great Depression.
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The Federal Reserve cut the prime interest rate in the United States from 6 to 4 percent. This expanded the country's money supply and bought securities.
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Food riots begin to break out across the country. American citizens broke open the windows of stores, took what food items they needed, and then fled the scene. This was the only way for many of them to get food.
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New York's Bank of the United States collapses. At the time of the collapse, the bank has over $200 million in deposits. This makes it the largest bank failure in our nation's history.
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Franklin D. Roosevelt is inaugurated as the 32nd President of the United States. He won the election by a landslide, and went on to serve four terms as President.
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The Emergency Banking Act is passed by Congress. This act allowed almost all banks that were closed down at the start of the Depression to be opened again.
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The Civilian Conservation Corps(CCC) is created by Franklin D. Roosevelt. It was designed as a relief employment plan for young unemployed men. The men involved worked in national parks for nine month periods at a time.
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The act is introduced to Congess in 1933. Articles of the act insist that price and wage are controlled, as well as disputes being negotiated between labor and management.
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A three day dust storm obliterates the western United States. The dust is blown to places as far away as Boston. An estimated 350 million tons of soil were blown out of the area.
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The Social Security Act is signed in Congress. Social Security provides senior citizens with money from the government every month.
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Dorthea Lange, the most famous photographer from the Great Depression takes one of her most notable photographs, titled Migrant Mother. She took photos of several families working on farms and beautifully illustrated their hardships.
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Franklin D. Roosevelt is elected for his third term to the United Stated Presidency. He eventually went on to serve four terms, the only President to serve more than two terms on office.
