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Stock market begins to diminish, eventually crashes. This day marks black Tuesday.
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Smoot-Hawley Tariff Act is passed. Economists say this was the start of the great depression.
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While the Empire State building is completed, food riots begin to break out.
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Unemployment rises to 23.6%. Veterans march on Washington to demand pay and are removed by Army force.
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Will help improve economy during Great Depression.
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"First One Hundred Days" begins along 15 new laws to assist Great Depression. Banks are also given a holiday
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This act distributed $3.1 billion, and gave over 20 million people new jobs.
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Part of Roosevelts new deal. This offered subsidies to farmers for limiting production of crops.
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Works Progress Administration is established. It employs 8 million people to build roads, bridges and airports.
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due to the first and second new deal, employment rates have risen.
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Franklin D. Roosevelt is inaugurated to his second term as president and the court rules Social Security Act
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World War II begins when Germany invades Poland. The depression ends over next several years as the U.S. builds up armed forces.