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Introduction of “Bonus Bill”
The Bonus Bill of 1817 was legislation proposed by John C. Calhoun to earmark the revenue "bonus", as well as future dividends -
Black Thursday/Tuesday
was the most devastating stock market crash in the history of the United States -
New York’s Bank of the United States collapses
he Bank of United States, founded by Joseph S. Marcus in 1913 at 77 Delancey Street in New York, was a New York City bank that failed in 1931. -
Food Riots in Minneapolis
In February 1931, the first of many “food riots” across the country broke out when desperate, hungry, and unemployed men and women looted a grocery store in Minneapolis. -
Congress establishes the Reconstruction Finance Corporation
was a government corporation in the United States between 1932 and 1957 that provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses. -
Ford Hunger March
The Ford Hunger March, sometimes called the Ford Massacre, was a demonstration of unemployed workers starting in Detroit and ending in Dearborn, Michigan, that took place on March 7, 1932. -
Bonus Army Conflict
The Bonus Army was the popular name for an assemblage of some 43,000 marchers -
Franklin Delano Roosevelt elected President
Franklin D. Roosevelt was stricken with polio in 1921. He became the 32nd U.S. president in 1933, and was the only president to be elected four times. -
Civilian Conservation Corps is established
The Emergency Conservation Work (ECW) Act was introduced to Congress the same day and enacted by voice vote on March 31. Roosevelt issued Executive Order 6101 on April 5, 1933 which established the CCC organization and appointed a director, Robert Fechner, a former labor union official who served until 1939 -
Federal Emergency Relief Administration created
The Federal Emergency Relief Administration was the new name given by the Roosevelt Administration to the Emergency Relief Administration which President Herbert Hoover had created in 1932. -
Congress passes Glass-Steagall Act
An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment banking business.
