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The Beginning of The Great Depression
The economy does good for a while, but slowly but surely, it begins to decline as the years go by sometime around March, but it isn't until October strikes as the month when the stock market crashes. -
The Depression Worsens Overtime
The Smoot-Hawley Tariff Act has gotten passed but instead of helping in actually hasn't changed the conditions for many Americans and food riots begin to break all over the country. -
The First New Deals
The National Industrial Recovery Act, the Farm Credit Act, and the Banking Act of 1933 are all passed by Congress. The Public Works Administration is created and many Americans have fallen out of jobs, unemployment begins to grow and peak higher each year. -
The Second New Deals Begin
The Works Progress Administration is established. It will employ 8 million workers over the next several years building things like roads, bridges, and airports. The concept of "Black Sunday" is a thing in the Midwest, and the Social Security Act is signed into law. -
Unemployment Falls
The unemployment percentage drastically drops from 24.1% to 16.9% in the span of the depression, more Americans are finding alternatives to earn wages and eventually more people earn more opportunities over time, although this is good, the percentage only dropped slowly, but soon enough it will reach to 19% in 1938. -
The End of The Great Depression, and The Beginning of WWII
World War II begins when Germany invades Poland. The depression ends over the next several years as the U.S. builds up its armed forces and prepares to go into war. In the end, the first and second new deals have made a great impact on the country and have brought more job opportunities to more Americans and the unemployment rate has fallen into lower percentages.
