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Stock market crashes and banks begin to run out of money.
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Steeply raises import duties in an attempt to protect American manufacturers.
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Sees $200 million in deposits disappear
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Unemployment averages 24.1%
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Franklin D. Roosevelt wins presidential election in a landslide against Herbert Hoover
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Townsend proposes state-funded pensions for the elderly to boost consumption and employment.
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Unemployment averages at 21.4%
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Roosevelt is re-elected in a landslide vote against republican Alf Landon. Roosevelt wins every state except for Maine and Vermont.
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The average rate of unemployment was at 14.3%
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Hitler invades Poland and begins WW2
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FDR runs for president and wins election once again
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Japan attacks US Naval base, Pearl Harbor.