Great Depression Timeline (November 7: The Bank of Tennessee exploded.,…
Great Depression Timeline
October 24: Black Thursday kicked off the stock market crash of 1929.
December: The unemployment rate was still just 3.2 percent. Since unemployment is a lagging indicator, it hadn't started to worsen yet.
October 28: On Black Monday, stocks prices fell 13 percent.
March 4: Herbert Hoover became president.
August: The economic activity from the Roaring Twenties hit its peak.
September 3: Dow reached a closing record of 381.7
October 25 and 26: Stocks gained 1 percent on Friday, but lost one percent during a half-day of trading on Saturday.
November 23: The stock market hit bottom and began trading sideways.
June: The government stopped giving back dollars with gold.
April 19: FDR stopped a run on gold by abandoning the gold standard.
June 27: The Federal Housing Administration provided Federal mortgage insurance.
April 15: Black Sunday was the worst dust storm ever.
May: The Federal Emergency Relief Act made more jobs.
November 8: The Civil Works Administration made four million construction jobs.
June 17: Hoover signed the Smoot-Hawley Tariff Act. It raised taxes on 900 imports.
July 21: Hoover created the Department of Veterans Affairs.
December 11: The Bank of the United States exploded aswell.
November 7: The Bank of Tennessee exploded.
February: Food riots broke out in Minneapolis.
January: Congress created the Reconstruction Finance Corporation to lend $2 billion to financial institutions to prevent further failures.
March: Economy bottomed after shrinking 27 percent since its peak in August 1929.
February: The Fed purchased $1 billion in securities from banks as part of its open market operations.
June 6: Hoover signed the Revenue Act of 1932.
September: Bank failures slowed, construction contracts increased 30 percent, and department store sales rose 8 percent.
July 8: Dow bottomed at 41.22.
January 30: The Gold Reserve Act prohibited private ownership of gold and doubled its price.
July: The National Labor Relations Act/Wagner Act protected workers' rights and created the National Labor Relations Board.
April 8: The Emergency Relief Appropriation created the Works Progress Administration to hire 8.5 million people.
February 26: The Soil Conservation & Domestic Allotment Act paid farmers to plant soil-building crops.
May 20: The Rural Electrification Act helped farms make electricity for their areas.
August: The Social Security Act provided income to the elderly, the blind, the disabled, and children in low-income families.
April 30: The Resettlement Administration trained and provided loans to farmers.
June: The Great Depression was over.
May: Economy started contracting again, as the Depression resumed.
Red=1929....DarkBlue=1930..... LightBlue=1931.... Yellow=1932.....Green=1933.....Purple=1934.....