The Great Depression By Carstensena 1928 Herbert Clark Hoover was elected as president 1929 Black Tuesday also referred to as the start of the Great Depression. Sellers traded over 16 million shares 1930 Hoover signed the Smoot-Hawley Tariff Act, which raised the price of taxes on nearly 900 imports 1931 Unemployment rate rose to 15.9%.Prices fell another 9.3% and people began to suffer the worst effects of the Great Depression 1932 Hoover signed the Revenue Act of 1932. This raised taxes and worsened the Depression. 1933 Franklin Roosevelt launched the New Deal with the emergency Banking Act. This helped stop devastating failures. 1934 The Gold Reserve Act prohibited private ownership of gold and doubled its price. 1935 Black Sunday was the worst dust storm.FDR passed the Soil Conversation Act to teach farmers sustainable methods. 1936 Throughout the year, the heat wave killed 1,693 people. 3,500 people drowned while trying to cool off. 1937 The economy started contracting again, as the Depression resumed 1938 The economy started to grow again. The Great Depression was over. 1939 Hitler invaded Poland, starting World War II.
