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Leading Events
Production of goods increases in 1928, along with relaxed restrictions of banking/credit, which was a bad combination, which led to a bubble in the economy which eventually would pop. -
Black Tuesday
Share prices on the New York Stock Exchange completely collapsed, becoming a pivotal factor in the emergence of the Great Depression -
Tariff Act of 1930
The Tariff Act of 1930, commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, was a law that implemented protectionist trade policies in the United States. Many say that this worsened the Great Depression. -
Hoover Dam Construction Begins
The Construction on Hoover Dam begins, which when complete can power Las Vegas and provide water and hydroelectric power to neighboring cities. -
1932 Presidential Election
Democratic Nominee Franklin D. Roosevelt defeated opponent incumbent President Herbert Hoover. -
Unemployment Sees Worst Rate
Rate of unemployment hits the highest in US History. -
FDR Inauguration
Franklin D. Roosevelt was inaugurated as the 32nd President of the United States. -
The New Deal Was Enacted
The New Deal was enacted - a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939 -
Bank Holiday
In 1939, responding to events caused by the Great Depression, President Franklin Roosevelt declared a "banking holiday," ordering all banks in the United States closed until government audits declared them solvent -
AAA Created
Agricultural Adjustment Administration (AAA), in U.S. history, major New Deal program to restore agricultural prosperity during the Great Depression. -
WPA Created
Roosevelt on April 8, 1935. On May 6, 1935, FDR issued executive order 7034, establishing the Works Progress Administration. The WPA superseded the work of the Federal Emergency Relief Administration, which was dissolved. -
Economic Growth Starts to Rise
In 1938-39 and going forward, growth in the economy begins and continues to rise.
