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Herbert Hoover won the election of 1928 with 444 electoral votes. Hoover would lead our country through the Great Depression.
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The Stock Market began to show signs of crashing. It only took about five days to crash.
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A record breaking 16 million shares were traded in the stock market. Share prices dropped in the stock market.
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Herbert Hoover signed the Smoot-Hawley Tariff Act. This act raised taxes on nearly 1000 imported items. This act was supposed to help the farmers, but ended up hurting them more than it benefited them.
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The Dust Bowl began in 1931 and wasn't over until 1936. Long droughts and strong winds created huge storms of dust, killing most of the living organisms in its path
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Herbert Hoover signed another act called the Revenue Act of 1932. This act Increased the top income tax rate to 63%. Hoover thought this act would help, but it ended up worsening the depression.
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Franklin D. Roosevelt was elected in 1932. He would help to lead the U.S. out of the great depression. He had to fix what Hoover had gotten the U.S. into.
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Franklin D. Roosevelt starts the New Deal. This dealt with the banking crisis and created the Emergency Banking Act.
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The U.S. economy grew over 10% in response to Roosevelt's New Deal. Unemployment also started to fall across the U.S..
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The worst dust storm to date happened on April 15th, 1934. This storm was later called Black Sunday.
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Roosevelt began to serve his 2nd term as the president. He launched his 3rd New Deal, helping the economy greatly.
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America was involved in WW2, which helped the U.S. get out of the Great Depression. The war created many jobs and restored the economy.
