The Great Depression

Black Tuesday

Oct 29, 1929

Stock market crashed, Black Tuesday, http://goo.gl/7LoYSA, video: http://youtu.be/mOZogC1rSPU

Smoot-Hawley Tariff in 1930

May 20, 1930

Hoover and congressional Republicans passed the even higher Smoot-Hawley Tariff in 1930, http://goo.gl/k1GoIp, https://youtu.be/iVHJ3_FJZKg

1930: Severe drought and Dust Bowl conditions began to ruin farmers’ land, a condition that lasted until 1935

Period: May 20, 1930 to May 20, 1935

http://goo.gl/obftYN

Food riots

May 20, 1931

http://goo.gl/FkzUs, Food riots broke out, workers marched on Detroit, and “foreign workers” were deported

New York bank collapse

May 20, 1931

December -- New York's Bank of the United States collapses. At the time of the collapse, the bank had over $200 million in deposits, making it the largest single bank failure in the nation's history. http://goo.gl/frFsj7

January 1932: Congress established the Reconstruction Finance Corporation to lend $2 billion to banks, insurance companies, building and loan associations, and farming organizations

Jan 20, 1932

http://goo.gl/8vOSj4, https://youtu.be/RT3AJutZ6DI

In 1932, however, with the country mired in the depths of the great Depression and some 13-15 million people (or more than 20 percent of the U.S. population at the time) unemployed, Democrat Franklin D. Roosevelt won an overwhelming victory in the preside

May 20, 1932

http://goo.gl/7o5Eey

Late 1932: Stocks reached their lowest

Jun 20, 1932

https://goo.gl/5Y18OX

July -- The Reconstruction Finance Corporation is authorized to lend needy states sums from the national Treasury. The money was to target relief and public works projects.

Jul 20, 1932

http://goo.gl/3nKQ6j

Washington DC

Jul 20, 1932

Bonus Army removal begins in Washington, D.C. Two veterans are killed. http://goo.gl/QhO8gH

: Franklin D. Roosevelt beat Herbert Hoover in a landslide

Nov 20, 1932

http://goo.gl/iUWV3v, https://youtu.be/KfeHWnaK7rY

Nov. Franklin Delano Roosevelt

Nov 20, 1932

Nov. Franklin Delano Roosevelt, is elected the 32nd president of the United States. He would serve through WWII and for nearly four terms.

By Inauguration Day , every U.S. state had ordered all remaining banks to close at the end of the fourth wave of banking panics, and the U.S. Treasury didn’t have enough cash to pay all government workers.

Mar 4, 1933

http://goo.gl/WwmFo, https://youtu.be/LxEYzFRZ87A

Franklin D. Roosevelt took office

Mar 20, 1933

http://www.biography.com/people/franklin-d-roosevelt-9463381

1933: The Civilian Conservation Corp (CCC) was established to put young men to work in federal and state parks

May 20, 1933

http://goo.gl/PuVcGc

1933: The National Recovery Administration (NRA) was introduced

May 20, 1933

http://goo.gl/LasLe0, https://youtu.be/bznMQyYlsMo

1933: The Federal Deposit Insurance Corporation (FDIC) was established to insure bank deposits

May 20, 1933

http://goo.gl/yy0iLD

Glass-Steagall Act of 1932

Jun 16, 1933

Jun 16. Glass-Steagall Act of 1932 is passed by Congress, this Act affected banking reforms during the period meant to better manage the practice of speculation.
http://www.investopedia.com/articles/03/071603.asp

The Banking Act was passed to strengthen the Federal Reserve System.

May 20, 1935

www.federalreservehistory.org/Events/DetailView/25

The second new deal

Period: May 20, 1935 to May 20, 1936

Criticism from both conrservatives and liberals prompted Roosevelt to push a second wave of New Deal legislation through Congress from 1935 to 1936, in a collective package known as the Second New Deal. http://goo.gl/IzDbrx, https://youtu.be/a5n4u4cF4Pg

August 1935:The Social Security Act became law.

Aug 20, 1935

www.ssa.gov/history/35act.html

Assassinated

Sep 20, 1935

Louisiana Senator Huey Long is assassinated, http://www.hueylong.com

the first Agricultural Adjustment Administration in Butler v. United States in 1936.

May 20, 1936

www.livinghistoryfarm.org/farminginthe30s/water_11.html

1937: May -- Ten people are killed and a dozen more are wounded in the "Memorial Day Massacre" at Republic Steel's South Chicago plant. Workers and their families had tried to combine a picnic with a rally and demonstration.

May 20, 1937

www.trussel.com/hf/memorial.htm, https://youtu.be/-Q3RUGLfFv0

Second depression

May 21, 1937

Economic recovery stops and a second depression begins. It is called the "Roosevelt Recession."http://goo.gl/Hs8J0G

1938, this second severe contraction reversed many of the gains in production and employment and prolonged the effects of the Great Depression

May 20, 1938

www.britannica.com/.../Great-Depression/.../Banking-panics-and-monetary-...

Wage law

Jun 21, 1938

Fair Labor Standards Act passed which established the first national minimum wage law. http://goo.gl/98r2WA

1939:World War II starts with Hitler's invasion of Poland.

May 20, 1939

http://goo.gl/gC236, https://youtu.be/pa4LRo9L-Dg

Freshman Republicans then passed the Hatch Act of 1939 to reform national elections

May 20, 1939

http://goo.gl/2RiKzc

December 7, 1941 Japan attacks Pearl Harbor. Japan bombs American ships at Pearl Harbor in Hawaii. Thousands of Americans are killed in the attack.

Dec 7, 1941

http://goo.gl/9vug3K ,https://youtu.be/Gksa2W42mLg