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(1920-1928) During the Roaring Twenties, the US economy grew rapidly. There was a growth in goods an resources. This was a time when people held large parties, changed fashion and different influences. Many people trusted their money into the stocks (New York, Wall Street stock exchange), resulting in the stock market also expanding rapidly.
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He is elected 31st president of the United States.
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There are also signs that the economy is slowing.
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Since so many people were purchasing stock, the market increased in value. However, stocks became inflated in price. They were selling for more money than they were worth. On top of all that, unemployment was low.
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An area in the Midwest suffered from drought during the 30s & the Great Depression. This caused the soil to dry out and turn into dust. Taking places as huge and dangerous clouds that run through people's homes.
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Food Riots begin to break out in the US.
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He defeats Hoover and is elected as president of the United States.
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Organized by President Franklin D. Roosevelt, the New Deal was an act that involved a series of programs and work projects. It aided in recovery from the Great Depression.
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The US moves off of the gold standard economy, which prevented the government from printing and issuing money at will, ran up large deficits, and increased national debt.
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Established to employ 8 million workers over the next years to build things like roads, bridges, and airports.
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He is inaugurated to his second term.
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Roosevelt decides to support Britain and France in World War II against the difficulties with Germany.
