great depression
Storyboard Text
- October 29, 1929
- CRASH!
- Market Collapses in 6,410,030 Share Day Tel. & Tel, and Steel Among Heaviest Losers
- June 17, 1930
- November 8, 1932
- On October 28, 1929, the stock prices fell 13%. Then on Black Tuesday, the market lost another 12%. A record of 16 million shares was traded. On November 23 the market hit bottom.
- March 9, 1933
- On June 17, 1930, President Hoover signed the Smoot-Hawley Tariff Act. This act was intended to help farmers but it ended up putting tariffs on many other goods.
- November 3, 1936
- President Franklin Delano Roosevelt was elected on November 8, 1932. He defeated Herbert Hoover in a landslide victory. Roosevelt got 22,800,000 popular votes while Hoover got 15,750,000
- December 7, 1941
- On March 9, 1933, FDR launched the New Deal along with the Emergency Banking Act. This act closed all U.S. banks to stop devastating failures.
- President Roosevelt is elected for a second term on November 3, 1936. There was also a heat wave during this time and 1,693 people died from it.
- Japan attacked pearl harbor and then the U.S. entered world war 2. The war allowed the U.S. to get out of their depression.
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