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The most devistating crash in the history of the United States.
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Caused a lot of bankruptsies.
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steeply raising import duties in an attempt to protect American manufactures from foreign competition
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Another bank panic occurs, meanwhile,no new major legislation is passed concerning the great depression.
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aimed to loan money to banks and rail roads to keep them from going bankrupt, unfortunately, this had little effect on the great depression as a whole
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President Roosevelt begins to implement the new deal, this began to help the economy, it implemented things like minimum wage and maximum work week, and child labor laws, and unemployment compensation
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The agricultural adjustment act established a minimum wage and maximum work week
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Rocks the economy again
