Great Depression/Timelines: Difference between revisions

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1932
1932
:[[Reconstruction Finance Corporation]] [http://www.constitution.org/norton/norton_07.txt] created
:Unemployment is 25 percent.
:Unemployment is 25 percent.
:National income is 50 percent below that of 1929.
:National income is 50 percent below that of 1929.

Revision as of 07:22, 5 January 2009

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A timeline (or several) relating to Great Depression.

1920-28


1929


1930

US GNP drops 9.4% from the previous year. The unemployment rate climbs from 3.2 to 8.7%. By the end of the year, 1,350 banks have closed.

1931


1932

Reconstruction Finance Corporation [1] created
Unemployment is 25 percent.
National income is 50 percent below that of 1929.
Stock market is 75 percent below its 1929 high.
Bank runs and closings are common

1933

Franklin D. Roosevelt elected president.
The National Recovery Administration and the Public Works Administration created by the National Recovery Act 1933 [2].
President declares a banking holiday and temporarily closes all U.S. banks.
Money supply is 40 percent lower than 1929.
Approximately 4,000 commercial banks fail.
1,700 S&Ls fail

1934

FDIC created


1935


1936


1937


1938


1939