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1928 Herbert Hoover
Herbert Hoover became president in 1928 and won by a wide margin. -
1929 Black Tuesday
Black Tuesday kicked off the start of the stock market crash.Stock Prices dropped by 11% -
1930 The Bank Of United States
On December 11th, 1930 the Bank of The United States failed. Hoover then returned the income tax to 25%. -
1931 The Drought
The drought continued, hitting eight Southern states the worst. It was the worst drought in the 20th century for Arkansas. -
1932 The Tax Raise
Hoover signed the Revenue Act of 1932. It increased the top income tax rate to 63%. He wanted to reduce the federal deficit. Hoover believed it would also restore confidence. Instead, higher taxes worsened the Depression. -
1933 Franklin Roosevelt
Franklin Delano Roosevelt launched the New Deal with the Emergency Banking Act. This helped the banks from failure. -
1934 The Dust Bowl
In 1934, Black Sunday was the worst dust storm ever. The dust winds were fast and many people died from this. -
1935 The Farmers
The Soil Conservation & Domestic Allotment Act paid farmers to plant soil-building crops. -
1936 The Hottest Summer
The hottest summer on record began. Many people died from the heat wave and drowning to cool off. -
1937 The New Deal
FDR began his second term. He launched a third New Deal. FDR cut spending to reduce the debt. That cutback in New Deal spending pushed the economy back into the Depression. -
1938 The End of the Great Depression
The economy rose again. The Great Depression was over. Everything was steady at the moment. -
1939 World War 2
Hitler invaded Poland and started World War 2. Economy grew and unemployment fell to 17%
