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This was a major stock market crash that occurred in America on this date. Share prices collapsed which left Americans in shambles. It is also known as “Black Thursday.”
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1.5 Million people have lost their jobs.
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The dust bowls lasted from 1930-1936. These dust bowls pushed out many farmers from their land in which their crops failed to grow.
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Food riots begin since people are struggling to afford food. People are raiding and robbing grocery stores for their families to be able to eat.
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Franklin D. Roosevelt is elected president after his “New Deal” speech. He beat the current president Herbert Hoover by almost twice the votes.
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President Roosevelts first 100 days involved implementing things such as the launching the New Deal, ending the prohibition period, and putting more acts in place. This was the beginning of working towards recovery.
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The works progress administration is created and 8.5 million people obtain a job.
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Roosevelt takes on his second term as president.
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This was the first recession since 1929. It was known as the recession within the depression.
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World War ll begins and becomes a global conflict. In this timespan Pearl Harbor is attacked. The U.S enters the war on the day of this attack which was December 7th 1941.
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Despite the horrible aftermath of World War ll the US became the only economic super power in the world.
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Despite the horrible aftermath of World War ll the US became the only economic super power in the world.