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Herbert Hoover becomes the 31st President of the United States.
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There are starting to be signs that the economy is slowing.
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This day is well known as "Black Tuesday"
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Many economists mention that this act devoted to the Great Depression.
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By this time over 10,000 banks have failed since 1929.
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They got forcefully evacuated by the U.S Army.
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A lot of stuff happened this year.
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Over 15 new laws are quickly enacted to fight the Great Depression.
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He explains the new banking laws.
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The National Industrial Recovery Act, the Farm Credit Act, and the Banking Act of 1933 are all passed by Congress.
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In February of 1934 Huey Long, Governor of Louisiana, establishes the "Share Our Wealth" movement.
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The SEC is the Securities and Exchange Commission
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It will employ 8 million workers over the next several years building things like roads, bridges, and airports.
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A huge dust storm envelops much of the Midwest.
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Franklin D. Roosevelt continues to still be the president at this time.
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It tells the story of the hardships of a migrant farming family during the Great Depression.
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The depression ends over the next several years as the U.S. builds up its armed forces.
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