Great Depression/Timelines: Difference between revisions
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:: Hyperinflation [http://www.usagold.com/germannightmare.html] | :: Hyperinflation [http://www.usagold.com/germannightmare.html] | ||
::France and Belgium invade the Ruhr [http://www.bbc.co.uk/scotland/education/bitesize/standard/other/sos/history/people_and_power/answerpower_52.shtml]. | ::France and Belgium invade the Ruhr [http://www.bbc.co.uk/scotland/education/bitesize/standard/other/sos/history/people_and_power/answerpower_52.shtml]. | ||
:: | :: A new currency (the Schacht Rentenmark) replaces the Reichsmark: price stability restored [http://www.econ.puc-rio.br/gfranco/Ch10.PDF]. | ||
1924 | 1924 | ||
: USA: | : USA: | ||
:: Start of 1924-26 upturn [http://nber15.nber.org/bookcv/INDICATORS%20OF%20BUSINESS%20EXPANSIONS%20AND%20CONTRACTIONS-MOORE_GEOFFREY-1967.CV.pdf] | :: Start of 1924-26 upturn [http://nber15.nber.org/bookcv/INDICATORS%20OF%20BUSINESS%20EXPANSIONS%20AND%20CONTRACTIONS-MOORE_GEOFFREY-1967.CV.pdf] | ||
: Germany | : Germany | ||
:: The Reichsmark replaces the Rentenmark and Germany rejoins the gold standard. | |||
:: Dawes Plan (for the rescheduling of reparations and the provision of loans from the US etc) agreed [http://www.u-s-history.com/pages/h1371.html][http://www.state.gov/r/pa/ho/time/id/100933.htm]. | :: Dawes Plan (for the rescheduling of reparations and the provision of loans from the US etc) agreed [http://www.u-s-history.com/pages/h1371.html][http://www.state.gov/r/pa/ho/time/id/100933.htm]. | ||
Revision as of 06:58, 1 February 2009
World Timeline
- (For USA only timeline, see [[1]])
1850-1918
- 11 US recessions [2] including the panic of 1893
1914-18
- First World War
1918
- Treaty of Versailles: war reparations [3].
1919-21
- UK:
- Post-war recession [4].
1921-23
- USA:
- Post-war recession [5].
1923
- Germany:
1924
- USA:
- Start of 1924-26 upturn [9]
- Germany
1925
- UK:
- Britain rejoins the gold standard.
1926
- UK:
- General strike [12].
1927 USA:
1928
- US:
- Federal Reserve Bank raises its discount rate to 5%
1929
February
- UK
- Bank of England raises the bank rate fron 4.5% to 5.5%
August
- USA:
- Start of a downturn in economic activity [15]
- Federal Reserve Bank raises discount rate to 6%.
- Germany:
- Collapse of Frankfurter Allgemeine Verischerungs AG and runs on savings banks
October
- USA:
- The stock market crash of 1929.
- 24 October: Black Thursday DJIA falls by 13%
- 28 October: Black Monday DJIA falls by 12.8%
- 29 October: Black Tuesday DJIA falls by 11.7%
- The stock market crash of 1929.
1930-33
- USA:
- The "Great Contraction"
- Banking crises
- Three waves of panic create a progressive collapse of the United States banking system, with the failure of nearly half of the banks and heavy. losses by the others.
1930
- USA:
- France:
- Failure of Banque Adam and the Oustric Group.
- Germany
- 2nd reparations conference at The Hague.
- Young Plan (further rescheduling reparations payments but giving priority to the repayment of debts to the United States) agreed [19]. Bank for International Settlements created.
- 2nd reparations conference at The Hague.
1931
- USA:
- Banking crisis, with the failure of over 1800 banks.
- UK:
- Sterling (£) Crisis [20].
- Austria:
- Failure of Creditanstalt
- Germany:
- Banking crisis. Runs on banks. Closure of Darmstädter bank. Bank holiday. Credit crunch.
- President Herbert Hoover announces a one year moratorium on reparations and war debts-and the provision of a $ 150 million credit to the Reichsbank.
- France:
- Failure of Banque Nationale de Crédit and bank runs.
- World:
- Britain, Sweden and Japan leave the gold standard [21]
1932
- USA:
- Germany:
- Lausanne Conference agrees to the suspension of reparations payments by Germany [24]
1933
- USA:
- Germany
- Fall of the Weimar government: Hitler gains power.
1934