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8 months ago
8 months ago
March 4, 1929: Herbet Hoover became president.
October 24, 1929: Black Thursday caused the stock market crash.
December 11, 1930: Bank of America failled, the largest bank failure at the time.
1930: A drought hits the United States and caused the Dust Bowl.
March 4, 1933: Franklin d. Roosevelt became president.
1930: Unemployment rose to 8.7 percent.
1931: Unemployment rose to 15.9 percent.
June 6, 1932: Hoover increased taxes worsening the depression acidentily.
1933: FDR launches the new deal
November 8, 1933: The Civil Works Administration created four million construction jobs.
1933: Unemployment rose to 24.9 percent, a record high.
January 30, 1934: The Gold Reserve Act didn't allow private ownership of gold and doubled the price of it.
1934: Unemployment drops to 21.7 percent.
April 8, 1935: The Emergency Relief Appropriation created the Works Progress Administration to hire 8.5 million people.
1935: Unemployment drops, again, to 20.1 percent.
1936: The hottest summer in record ever, sevral states reached temps over 110 degrees.
1936: Unemployment dropped to 12.9 percent.
1936: The heat wave killed 1,693 directly and 3,500 people drowned trying to cool off.
1937: FDR started his second term.
June 1938: The economy started growing again and the Great Depression ended.
September 1939: Hitler invaded Poland starting WWII.
1939: Unemployment fell to 17.2 percent.
1941: FDR started his third term.
December 7, 1941: Japan bombed Pearl Harbor.
1940: Unemployment fell to 14.6 percent.
1941: Unemployment plummeted to 9.9 percent.
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