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The Great Depression

By 40001679

  • Herbert Hoover

    Herbert Hoover
    Herbert became president and did little to stop the Depression. He believed that free market economy would allow the forces of capitalism to fix any economic downturn. He lowered income tax rate from 25% to 24%.

  • Drought Disaster

    Drought Disaster
    A drought hit 23 states from the Mississippi river to the mid-Atlantic region. It was the first of what was later called the Dust Bowl drought, the worst in 300 years. This caused farmers not being able to produce enough to eat because of the crops dying.

  • Unemployment

    Unemployment
    The economy shrank 6.4%. The unemployment rate rose to 15.9%. Prices fell another 9.3%, people began to suffer the worst effects of the Great Depression.

  • Revenue Act

    Revenue Act
    Hoover signed the Revenue Act of 1932. It increased the top income tax rate to 63%, He wanted to reduce the federal deficit.

  • Dust storms

    Dust storms
    48 dust storms pummeled Oklahoma and surrounding states. Farmers slaughtered 6 million pigs to reduce supply and boost prices,

  • Gold Price

    Gold Price
    The gold reserve act prohibited private ownership of gold and doubled its prices.The act changed gold price history,

  • Social Security Act

    Social Security Act
    The social security act provided income to the elderly, the blind, the disabled and the children in low-income families. It was paid for with the payroll taxes and the Social Security Trust Fund.

  • High Temperatures

    High Temperatures
    Many states experienced high temperatures that killed many. The heat wave directly killed 1693 people while another 3500 people died by drowning trying to cool themselves off.

  • A turnaround

    A turnaround
    an economic downturn that occurred during the Great Depression in the United States. By the spring of 1937, production, profits, and wages had regained their early 1929 levels. Unemployment remained high, but it was slightly lower than the 25% rate seen in 1933.

  • The End of a Era

    The End of a Era
    The economy started to grow again and the Great Depression was over. unemployment rose to 19%, prices fell 2.8%. The dept remained steady at $37 billion.

  • World War II

    World War II
    World War II begins when Germany invades Poland. The depression ends over the next several years as the U.S. builds up its armed forces.