Great Depression/Timelines: Difference between revisions

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imported>Nick Gardner
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imported>Nick Gardner
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1930
1930
:Hawlet-Smoot Tariff Act
:Hawley-Smoot Tariff Act [http://law.justia.com/us/codes/title19/chapter4_.html][http://www.encyclopedia.com/doc/1E1-HawleySm.html]
: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.  
: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.  


Line 18: Line 18:
1932
1932
:[[Reconstruction Finance Corporation]] [http://www.constitution.org/norton/norton_07.txt] created
:[[Reconstruction Finance Corporation]] [http://www.constitution.org/norton/norton_07.txt] created
:Federal Home Loan Act  
:[[Federal Home Loan Act]] [http://www.bobsuniverse.com/BWAH/31-Hoover/19320722a.pdf] 
: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 09:37, 5 January 2009

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A timeline (or several) relating to Great Depression.

1920-28


1929


1930

Hawley-Smoot Tariff Act [1][2]
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 [3] created
Federal Home Loan Act [4]
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.
President declares a banking holiday and temporarily closes all U.S. banks using the Emergency Banking Act 1933[5].
The National Recovery Administration and the Public Works Administration created by the National Recovery Act 1933 [6]
Federal Deposit Insurance Corporation [7] created
Money supply is 40 percent lower than 1929.
Approximately 4,000 commercial banks fail.
1,700 S&Ls fail

1934


1935


1936


1937


1938


1939