-
Hoover elected to be President.
-
On October 24th 1929 the US stock market took an incredible dive that left many poor and unemployed.
-
In 1930 the banking panics start. Banks are facing bankruptcy and failure because people are pulling their money out of the banks because they feel that it is not save there.
-
Extended loans to struggling corporations, insurance companies and banks
-
FDR is elected to office and his 100 days will start soon. People are hoping he has a better plan to help the economy than Herbert Hoover did before him.
-
FDR enacts the first New Deal to pull the US out of the economic depression
-
The Dust Bowl starts in the western states. Caused by over farming and droughts.
-
FDR enacts the second New Deal. New plans are created to pull the US out of the economic depression.
-
In 1939 World War II starts and the US is needed to manufacture weapons, tanks, airplane and textiles to help win the war for the Allies. This boom in industry helps to pull America out of it's depression and send it into a time of war.
