-
Black Tuesday
People who had bought stocks on credit were stuck with huge debts as the prices plummeted, while others lost most of their savings. The Stock Market crash signaled the beginning of the Great Depression. -
Period: to
The Great Depression
-
Bonus Army
About 20,000 WW1 veterans and their families arrived in Washington D.C. Nervous that the angry group could become violent, President Hoover used a force of 1,000 soldiers to roust the veterans. His inability to deal with the depression, gave way to democratic canidate FDR -
FDR
Democratic challenger Franklin D. Roosevelt defeats President Hoover in the presidential election for his first of an unprecedented four terms. -
The Hundred Days
March 9 - June 16, 1933 Congress passed more than 15 major prices of New Deal legislation. -
Federal Securities Act
The Federal Scurities Act required corporations to provide complete information on all stock offerings and made them liable for any misrepresentations. -
Dust Bowl
The dustbowl started in the early 1930's but its first storm took place on November 11 1933. Kansas, Oklahoma, Texas, New Mexico, and Colarado were hit the hardest. -
WPA
One of the largest was the WPA which set out to create as many jobs as possible as quickly as possible. It spent $11B to give jobs to more than 8M workers, most of them unskilled. -
Social Security Act
One of the most important achievments of the New Deal was the Social Security Act. It provided a pension for retired workers and their spouses and aided people with disablities. -
Fair Labor Standards Act
Set rules for the unempployment of workers under 16 and banned hazardous factory work for those under 18. -
the End of the Great Depression
The Great Depression of the 1930's ended when the U.S entered World War II.
