We talked about the what caused the Great Depression and what happened during it. For me at least its easier to memorize what happens when I know the sequence of what happened. So here is a timeline of the Great Depression.
October 1929 - Stock Market crashes ending six years of prosperity never seen before in American history. $30 billion worth of stocks is lost.
November 1929 - President Hoover calls for support for the American economy
March 1930 - More than 3.2 million people are unemployed. President Hoover says that the worst of the crash is behind them.
January 1931 - Legislation is introduced into Congress for quicker payment of pension to veterans of World War I. Hoover is against the bill.
February 1931 - Food riots begin in Minneapolis and a wave of anti-immigrant fervor catches the country
December 1931 - New York's Bank of America collapses. Largest single bank failure of American History
January 1932 - Congress creates Reconstruction Finance Corporation. Given power to loan money to banks and other corporations
March 1932 - People march on Ford Moter's Company. Police is used and many are wounded with 4 killed.
April 1932 - 750,000 New Yorkers are announced to be reliant on city government for support
June 1932 - 15,000-25,000 veterans march on Washington D.C. to get their bonus pay
July 1932 - R.F.C is given control to lend needy states money
November 1932 - President Franklin D. Roosevelt is elected President by a land slide
March 1933 - President Roosevelt says that the American people have failed and they need help, and he is willing to to take the leadership to fix it
April 1933 - Civilian Construction Corps is established. Designed to relieve and employment program for young men. Will include 500,000 men at highest point.
May 1933 - Federal Emergency Relief Administration is created. Can issue grant to urgent needs.
- National Industry Recovery Act is designed to maintain prices and wage controls.
June-October 1933 - Three different services are created to help the farmers : Soil Erosion Service, Federal Agricultural Program and Civil Works Administration.
April 1935: FDR signs legislation that creates the Works Progress Administration. Employees 8.5 million people to create or improve highways, roads, bridges, and airports. They will get an average of $41.57 per month. This will be used until 1943.
July 1935 - Wagner National Labor Relations Act is signed by FDR. This is created to validate union authority and supervise union elections.
August 1935 - Social Security Act is signed into fruition by FDR. This created the precedent that the government had to partially look out for the welfare of the people.
November 1936 - FDR is re-elected president.
March 1937 - The slow economic recovery created by FDR's New Deal is set back by rising unemployment.
April 1938 - FDR uses $3.75 billion to attempt to restart the economy
November 1940 - FDR is elected to a unprecedented third term.
- Lend-lease Act is created to support the Allies
All thanks to http://www.pbs.org/wgbh/americanexperience/features/timeline/rails-timeline/
October 1929 - Stock Market crashes ending six years of prosperity never seen before in American history. $30 billion worth of stocks is lost.
November 1929 - President Hoover calls for support for the American economy
March 1930 - More than 3.2 million people are unemployed. President Hoover says that the worst of the crash is behind them.
January 1931 - Legislation is introduced into Congress for quicker payment of pension to veterans of World War I. Hoover is against the bill.
February 1931 - Food riots begin in Minneapolis and a wave of anti-immigrant fervor catches the country
December 1931 - New York's Bank of America collapses. Largest single bank failure of American History
January 1932 - Congress creates Reconstruction Finance Corporation. Given power to loan money to banks and other corporations
March 1932 - People march on Ford Moter's Company. Police is used and many are wounded with 4 killed.
April 1932 - 750,000 New Yorkers are announced to be reliant on city government for support
June 1932 - 15,000-25,000 veterans march on Washington D.C. to get their bonus pay
July 1932 - R.F.C is given control to lend needy states money
November 1932 - President Franklin D. Roosevelt is elected President by a land slide
March 1933 - President Roosevelt says that the American people have failed and they need help, and he is willing to to take the leadership to fix it
April 1933 - Civilian Construction Corps is established. Designed to relieve and employment program for young men. Will include 500,000 men at highest point.
May 1933 - Federal Emergency Relief Administration is created. Can issue grant to urgent needs.
- National Industry Recovery Act is designed to maintain prices and wage controls.
June-October 1933 - Three different services are created to help the farmers : Soil Erosion Service, Federal Agricultural Program and Civil Works Administration.
April 1935: FDR signs legislation that creates the Works Progress Administration. Employees 8.5 million people to create or improve highways, roads, bridges, and airports. They will get an average of $41.57 per month. This will be used until 1943.
July 1935 - Wagner National Labor Relations Act is signed by FDR. This is created to validate union authority and supervise union elections.
August 1935 - Social Security Act is signed into fruition by FDR. This created the precedent that the government had to partially look out for the welfare of the people.
November 1936 - FDR is re-elected president.
March 1937 - The slow economic recovery created by FDR's New Deal is set back by rising unemployment.
April 1938 - FDR uses $3.75 billion to attempt to restart the economy
November 1940 - FDR is elected to a unprecedented third term.
- Lend-lease Act is created to support the Allies
All thanks to http://www.pbs.org/wgbh/americanexperience/features/timeline/rails-timeline/
I find it interesting that even after ten years and two of President Roosevelt's terms that nothing had completely fixed the Great Depression. Even after FDR continually put more money in the economy and passed new laws it never says on the timeline that it actually did something to significantly stem the bleeding from the depression. Is it World War II that leads to the true end to the Great Depression?
ReplyDeleteThis is a great timeline, and it's very informative! I think it's appalling how even after all this work that both President Hoover and Roosevelt put in, it took more than a decade to get America out of the Great Depression. In class, Mr. Stewarts also talked about how, even though the United States made it out of the Depression, it never really did reach the peak in production it had before 1929. But I think it's also important to keep in mind that the Great Depression wasn't the result of the Stock Market crashing in 1929. Rather, The Crash was a symptom of the depression, which had already started to take effect long before 1929. The effects just started to build up and become clearly visible after The Crash. Long before 1929, capitalists had become increasingly more concerned with raking in profits, which meant decreasing production costs and increasing the efficiency and value of their outputs. One of the consequences of doing so was the meager wage given to laborers. They were paid the bare minimum for survival. However, by doing so, the laborers, which made up the majority of the population, had no money to spend, and so there weren't any consumers and no money was created. The Crash marked the end to money circulation in the economy.
ReplyDeleteI, for one, found this timeline very useful. Thanks for going through all the trouble to organize I timeline with this amount of information. I can barely wrap my head around 1934, let alone the entire decade. In response to Katherine's comment, it is pretty crazy that it took a decade to get out of the recession and that it wasn't even really the Roosevelt administration that did most of the fixing. Sure, it helped, but World War Two was the real life saver for the american economy (ironic, right?). Anyway, thanks for the outline Varun!
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