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The U.S. Secretary of Interior leases the Teapot Dome Oil Reserve in Wyoming.
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President Warren G. Harding dies while in office. Vice President Calvin Coolidge succeeds him as President.
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Charles Lindbergh flies the first non-stop transatlantic flight from New York to Paris in the Spirit of St.Louis.
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The Teapot Dome scandal ends with Secretary of Interior Albert Fall being convicted of accepting a $100,000 bribe for leasing the Elk Hills naval oil reserve.
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Falling stock prices lead to losses of $50 Billion between 1929 and 1931.
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Hiked tariff rates for imports to the U.S.
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Hoover asks congress for $150 Million for public works projects to increase employment and combat the growing economic depression.
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FDR would serve four terms in office and lead the country through the Great Depression and World War II.
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Several pieces of legislation were passed by Congress to address the depression. These included dropping the gold standard and creating the Civilian Conservation Corp which created work to build the National Park and various other projects
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The Securities and Exchange Act would provide oversight over Wall Street.
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The Social Securities Act would provide retirees with paychecks after retirement.
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A National Minimum Wage is set at $.25 an hour as well as establishing overtime rules with the signing of the Fair Labor Standards Act.
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Germany invaded Poland and began World War II.
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"A day that will live in infamy". A surprise attack was launched by Japan on Pearl Harbor, Hawaii. 1,177 troops died in this attack. The next day the U.S. declared war on Japan and official entered World War II. On December 11 the U.S.declared war on Germany and Italy.
