The United States Great Depression- David Miller ESEPSY 1159 By miller02523 Aug 1, 1929 Industrial Production in US begins to Decline Oct 24, 1929 Black Thursday- Stock Market Crashes Jun 17, 1930 Smoot- Hawley Tariff Act Sep 1, 1930 USA Banking System Fails May 1, 1931 USA Bank System fails for second time/ Citizens lose hope Nov 8, 1932 FDR elected President of USA Mar 9, 1933 Emergency Banking Act Aug 1, 1935 Social Security Act Implemented Jun 1, 1938 Economy begins to move in positive direction Dec 7, 1941 Pearl Harbor Dec 8, 1941 USA Declares War and Great Depression Considered Over