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The Great Depression
It was the time where the economy crashed and many people were left without money, jobs, and homes. -
Herbert Hoover Elected
Herbert Hoover was elected to become the 31st president of the United States. One reason he was elected was to help the country's economy but did very little too help. -
Black Tuesday
This was the day the stock market crashed and really began The Great Depression. Investors traded 16 million stocks and lost $14 billion. -
The Smoot-Hawley Tariff Act
Hoover signed on The Smoot-Hawley Tariff Act. It raised taxes and was supposed to help farmers but ended up imposing tariffs on hundreds of other products. -
Bank of the United States fails
It was one of the largest banks in the nation and the largest bank failure in history at the time. -
Food Riots
In February food riots broke out but mainly in the south due to the drought and price began to fell. -
Unemployment
The Unemployment rate drops down to the lowest it has been at the time to 15.9%. -
Revenue Act
Hoover signs The Revenue Act of 1932.It increased the top income tax rate to 63%.He also believed it would restore confidence in the country -
Roosevelt Elected
Franklin Delano Roosevelt was elected president after Hoover flopped during his presidency. -
New Deal
Franklin D. Roosevelt launched the New Deal with the Emergency Banking Act. It closed all U.S. banks to stop devastating failures. -
The Civilian Conservation Corps
The Civilian Conservation Corps was launched to hire three million workers to maintain public lands. -
Dust Bowl
The largest sand storm at the time that occurred in Texas, Arkansas, Oklahoma and Kansas. It stopped farmers from growing crops and made them lose a lot of money. -
The Gold Reserve Act
The Gold Reserve Act prohibited private ownership of gold and doubled its price. The act changed gold price history.
