Great Depression/Timelines: Difference between revisions

Revision as of 05:41, 5 January 2009

Timelines ^[?]

Tutorials ^[?]

Addendum ^[?]

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

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.

National Recovery Administration created by the National Recovery Act 1933 [1]

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

@@ Line 21: / Line 21: @@
 :Bank runs and closings are common
-:Franklin  D. Roosevelt becomes president.
+:Franklin  D. Roosevelt elected president.
+:[[National Recovery Administration]] created by the National Recovery Act 1933 [http://www.civics-online.org/library/formatted/texts/recovery_act.html]
 :President declares a banking holiday and temporarily closes all U.S. banks.
 :Money supply is 40 percent lower than 1929.