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The Stock Market Crash
The Stock Market Crash, also known as Black Tuesday, was the day that investors in Wall Street traded over sixteen million shares in one day. This caused a loss of billions of dollars. The crash marked the start of America's Great Depression. -
Period: to
The Great Depression
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The Unemployment Percent Rises
During 1930, the unemployment percentage rises from 8.5% to 15.9%. This increased unemployement meant that more people had no money for homes, food, clothes, and other basic needs. The fall only greatened the terrible affects of the Great Depression. -
Food Riots
People had no money to buy food because they were unemployed, so food riots began breaking out across America. The Americans busted through grocery store windows in order to take food and run away since they could not pay to feed themselves or their families. -
The Worst Year
During this year the unemployment percentage rises to 23.6%, industrial stocks have lost 80% of their value, 10,000 banks have failed in the past three years, and over 13 million Americans have lost their jobs for those past three years as well. All of these combined made for a massive pitfall in the Great Depression. -
Roosevelt is inaugurated
Franklin D. Roosevelt was elected into ofice as the 32nd President of the United States. While in office, he created the New Deal which greatly helped the Great Depression. -
FDR's Bank Holiday
March 6th, 1933 to March 10th, 1933. FDR wanted to prevent another run on the banks, so he declared a five day Bank Holiday. On these days banking transactions were suspended across the US. During this holiday of sorts, Roosevelt proposed the Emergency Banking Act which passed unanumously. -
The Emergency Banking Act
The Emergency Banking Act is passed. This act reopened all of the banks that had closed when the Depression had started, and there were many. It was also one of the first things Roosevelt did as President. -
The Works Progress Administration is Created
The Works Progress Administration was organized in order to give Americans jobs. These jobs lincluded acting, writing, building airports, and building bridges. Through the administration's run until 1943, it created almost eight million jobs, and jobs were what the Great Depression needed. -
The Migrant Mother
In March, Dorothea Lange takes a picture of a poor mother and her family who were working at a pea-plant farm in California. She names it the "Migrant Mother' and it soon becomes the most famous picture from the Great Depression. It shows how painful the suffering was, but it also shows the bravery and strenght everyone had. -
Roosevelt's Reelection
FDR ran from reelection in 1936 and won every state but two in his campaign against Alfred M. Landon. This meant he had won around 60% of the popular vote and 523/531 electoral votes. -
The Economy Suffers Another Recession
Even after the true signs of imporvement, the economy goes through another recession. More Americans begin losing their jobs along with their hopes that the Depression will ever end. During this recession, which lasted 13 months, industrial production declined and there was an unemployment jump from 14.3% to 19.0%. -
FDR's Third Term Election
Roosevelt ran againsit Wendell Willkie, winning with 449 electoral votes, and 54.7% of the popular vote.
