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In 1928 Herbert Hoover was elected as the 36th president of the united states.
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Black Thursday is the name given to Thursday, October 24, 1929, when panicked investors sent the Dow Jones Industrial Average plunging 11% at the open in very heavy volume. Black Thursday began the Wall Street crash of 1929, which lasted until October 29, 1929.
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On this date, share prices on the New York Stock Exchange completely collapsed, becoming a pivotal factor in the emergence of the Great Depression
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On July 7, 1930, construction of the Hoover Dam begins. Over the next five years, a total of 21,000 men would work ceaselessly to produce what would be the largest dam of its time, as well as one of the largest manmade structures in the world.
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Unemployment rates reach 20%.
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In 1932 FDR was elected as the 37th president.
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Banks were shut down completely
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TVa was a privately owned corporation providing power to the Tennessee valley.
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The Securities Exchange Act of 1934 (SEA) was created to govern securities transactions on the secondary market, after issue, ensuring greater financial transparency and accuracy and less fraud or manipulation. ... It also monitors the financial reports that publicly traded companies are required to disclose
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The Works Progress Administration was an American New Deal agency, employing millions of job-seekers to carry out public works projects, including the construction of public buildings and roads. It was established on May 6, 1935, by presidential order, as a key part of the Second New Deal.
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The Social Security Act was signed into law by President Roosevelt on August 14, 1935. In addition to several provisions for the general welfare, the new Act created a social insurance program designed to pay retired workers age 65 or older a continuing income after retirement.
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The contractors were allowed seven years from April 20, 1931, but concrete placement in the dam was completed May 29, 1935, and all features were completed by March 1, 1936
