The Great Depression By nickbandy99 1929 The Great Depression begins In August of 1929 the stock market crashed. 1930 The Banks Failed After the stock market crashed 744 banks closed. 1932 People start losing jobs Unemployment rises to 23.6 percent. Nov 8, 1932 FDR is elected president FDR is elected president. May 7, 1934 More laws are passed The Corporate Bankruptcy Act is put in place. Aug 14, 1935 The Social Security Act is put in place. 1936 Unemployment falls to 16.9 percent Jan 20, 1937 FDR is inaugurated for his second term Apr 24, 1937 The Supreme Court rules the Social Security Act Constitutional 1938 Unemployment rises to 19 percent 1939 Germany invades Poland starting WWII 1939 The end of the Great Depression
