The Great Depression

  • 1929 election

    1929 election

    Herbert Hoover became president in 1929, he then tried to help the Depression with his laissiez-faire economic policies but they did little to no help
  • Smoot Hawley Tarric act

    Smoot Hawley Tarric act

    The smoot Hawley Tariff act was signed by hoover on June 17, this raised taxes on 900 imports.
  • The drought

    The drought

    The dust bow started in 1930 and continued through 1931. The dust bow caused employment to shrink 6.4%, unemployment raised by 15.9%, and prices fell another 9.3%
  • The New Deal

    The New Deal

    The New deal was released by Franklin Delano Roosevelt alongside the emergency banking Act that had closed all U.S banks to stop the failures.
  • Beer Wine revenue act

    Beer Wine revenue act

    This act canceled prohibition and taxes alcohol sales to raise revenue
  • Construction jobs

    Construction jobs

    The civil work Administration had created 4 million construction jobs.
  • Black Sunday

    Black Sunday

    FDR passed soil Conservation act to teach farmers methods of their farms during the dust bowl to keep their crops sustainable.
  • Social Security Act

    Social Security Act

    This was paid for by payroll taxes and Social Security Trust Funds to help provide income for the elderly, disabled, and children with low income families.
  • The Heat Wave

    The Heat Wave

    Throughout the year the heat wave killed 1,693 people, an additional 3,500 people passed by drowning while trying to cool off. FDR raised top tax to 79%.
  • Third New Deal

    Third New Deal

    FDR launched the Wagner-Steagall Act, this funded state-run public housing projects.
  • Mark to Marketing accounting abolished

    Mark to Marketing accounting abolished

    It forced many banks out of business and also forced banks to write down their estate as values fell. The economy started to grow again b June and the depression was over.
  • Hitler

    Hitler

    Hitler invaded Poland, creating world war 2