-
It was the time where the economy crashed and many people were left without money, jobs, and homes.
-
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.
-
This was the day the stock market crashed and really began The Great Depression. Investors traded 16 million stocks and lost $14 billion.
-
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.
-
It was one of the largest banks in the nation and the largest bank failure in history at the time.
-
In February food riots broke out but mainly in the south due to the drought and price began to fell.
-
The Unemployment rate drops down to the lowest it has been at the time to 15.9%.
-
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
-
Franklin Delano Roosevelt was elected president after Hoover flopped during his presidency.
-
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 was launched to hire three million workers to maintain public lands.
-
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 prohibited private ownership of gold and doubled its price. The act changed gold price history.
