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Unemployment Spikes
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Prices of stocks Rise 40%
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Recession starts
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Period: to
10,000 US Banks Fail
2 Billon Lost
15 Millon Unemployed -
Black Tuesday Market Crash
16 Billon in losses -
Rosevelt Is inaugurated
3rd Bank Panic, Creates Banking Holiday to prevent Bankruns -
National Recovery Administration Established
27,000 Jobs Created -
US Unemployment Reaches 24.9%
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Works Progress administration Founded
Created Jobs working on Pubic works -
1 Million spent on armed forces
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minimum wage Established
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US Enters WWII
Manufacturing up 40%
Unemployment down to 10.2%