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black tuesday
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Period: to
the great depression
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one year later
More than 3.2 million people are unemployed, up from 1.5 million before the October, 1929 crash. President Hoover remains optimistic, however, stating that "all the evidences indicate that the worst effects of the crash upon unemployment will have passed during the next 60 days." -
food riots
"Food riots" begin to break out in parts of the U.S. In Minneapolis, several hundred men and women smash the windows of a grocery market and make off with fruit, canned goods, bacon, and ham. One of the store's owners pulls out a gun to stop the looters, but is leapt upon and has his arm broken. The "riot" is brought under control by 100 policemen. Seven people are arrested. Resentment of "foreign" workers increases along with unemployment rolls. In Los Angeles, California, Mexican Americans ar -
Hitler takes power
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worst point of great depression
At the worst point of the Great Depression, in 1933, one in four Americans who wanted to work was unable to find a job. Further, it was not until 1941, when World War II was underway, that the official unemployment rate finally fell below 10%. This massive wave of unemployment hit before a food stamp program and unemployment insurance existed. There were few government programs designed to help the poor or those in temporary difficulty. Further, most wives did not work, so if the husband lost hi -
the turning point
1934 saw the turning point in the great depression in America with unemployment decreasing to 22% . But in other parts of the world some of the political changes occurring would cause the next world war , in Germany Adolf Hitler declared himself the fuhrer ( ultimate ruler ) , in Russia Stalin began his massacres and in China Mao Tse-Tung spread the communist doctrine. The further weather drought problems in the US Midwest continued in 1934 and some 35 million acres of farmland were utterly dest -
The Supreme Court declares the National Recovery Administration to be unconstitutional.
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Congress authorizes creation of the Works Progress Administration, the National Labor Relations Board and the Rural Electrification Administration
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tax rate increases
Top tax rate raised to 79 percent -
Roosevelt seeks to enlarge and therefore liberalize the Supreme Court. This attempt not only fails, but outrages the public.
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Roosevelt seeks to enlarge and therefore liberalize the Supreme Court. This attempt not only fails, but outrages the public.
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GNP rises 7.9 percent; unemployment falls to 17.2 percent.
he United States will begin emerging from the Depression as it borrows and spends $1 billion to build its armed forces. From 1939 to 1941, when the Japanese attack Pearl Harbor, U.S. manufacturing will have shot up a phenomenal 50 percent -
FdrR was re-elected
