Introduction
The Great Depression was a hard time for the people. It lasted nearly 10 years, from 1929 to 1940. The main start of the great depression was the stock market crash. This wasn't just one factor, it started off with people buying many new technologies on credit and no one had the money to pay them off. They when stock market crashed everyone was left with no money.Since the businesses were affected they were losing money, they cut workers wages and sooner started to fire many people. In times of depression the farmers were usually able to work and produce crops while making money, but this time was different. The dust bowls came. They destroyed everything on the land including crops. Most people left their towns and tried moving to other towns hoping to find jobs. President Hoover stepped in to try help with the Depression. He set up the public works program, they were meant to help with constructing new schools, dams, and highways. The people didn't think Hoover was doing a good job helping the economy so FDR was elected. FDR created "New Deal Programs" These were the main programs that lead the depression out of the Great Depression.
1929
The stock market crashed , 30$ billion in stock disappeared.
1930
3.2 million people became unemployed.
1931
Food riots began to break out, Three thousand unemployed workers march on the Ford motor company.
1932
Congress established the R.F.C. which allowed the corporation to lend 2$ billion to banks.
1933
Franklin Delano Roosevelt is inaugurated, he announces the 4 day haliday for banks.
1934
Congress sets up the FDIC ( Federal Deposit Insurance Corporation ), also the dust storm began
1935
New Deal Programs are being signed, along with the SSA and WNLRA
1936
FDR is re elected for the second term.
1937
FDRs New Deal programs were having a set back, the people called it "Roosevelt's recession"
1938
FDR asks the congress to authorize 3.75$ billion to stimulate the troubling economy.
1940
Roosevelt is elected for 3rd term. America will soon go into war because of the Pearl Harbor attack.
The stock market crashed , 30$ billion in stock disappeared.
1930
3.2 million people became unemployed.
1931
Food riots began to break out, Three thousand unemployed workers march on the Ford motor company.
1932
Congress established the R.F.C. which allowed the corporation to lend 2$ billion to banks.
1933
Franklin Delano Roosevelt is inaugurated, he announces the 4 day haliday for banks.
1934
Congress sets up the FDIC ( Federal Deposit Insurance Corporation ), also the dust storm began
1935
New Deal Programs are being signed, along with the SSA and WNLRA
1936
FDR is re elected for the second term.
1937
FDRs New Deal programs were having a set back, the people called it "Roosevelt's recession"
1938
FDR asks the congress to authorize 3.75$ billion to stimulate the troubling economy.
1940
Roosevelt is elected for 3rd term. America will soon go into war because of the Pearl Harbor attack.