Great Depression in the United States/Timelines: Difference between revisions

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: Banking crisis, with the failure of over 1800 banks.
: Banking crisis, with the failure of over 1800 banks.
: Federal Reserve raises rediscount rates.
: Federal Reserve raises rediscount rates.
: Drought on the Great Plains - start of the 10-year dustbowl


1932
1932
Line 92: Line 93:


1937
1937
:  Recession of 1937 [http://www.answers.com/topic/recession-of-1937]: industrial production down 40 percent; unemployment rises by 4 million; stock market drops by 48 percent.
:  Recession of 1937 [http://www.economist.com/node/13856176]: industrial production down 40 percent; unemployment rises by 4 million; stock market drops by 48 percent.

Latest revision as of 23:01, 21 April 2014

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https://en.citizendium.org/wiki/index.php?title=Great_Depression_in_the_United_States/Timelines&printable=yes
A timeline (or several) relating to Great Depression in the United States.
(For brief notes on the New Deal legislative measures, and institutions referred to see the Addendum subpage of the article on the New Deal [1])

1921-23

Post-war recession [2].

1921

Warren G Harding becomes President [3]

1922

The Fordney-McCumber Tariff Act [4]

1923

Calvin Coolidge becomes President [5].
Start of "Coolidge Prosperity" [6].

1924

1925

Florida land boom bubble bursts [7]

1926

1927

Long Island meeting of central bankers to discuss UK plea to help the £ by raising the US discount rate [8].
Federal Reserve Bank cuts its discount rate cut from 4% to 3% and purchases US government securities [9][10].
Renewed economic upturn

1928

Death of Benjamin Strong, Governor of the Federal Reserve Bank of New York [11]
Federal Reserve Bank raises its discount rate to 5%

1929

Herbert Hoover becomes President [12]

August

Start of a downturn in economic activity [13]
Federal Reserve Bank raises discount rate to 6%.

October

The stock market crash of 1929.
24 Black Thursday DJIA falls by 13%
28 Black Monday DJIA falls by 12.8%
29 Black Tuesday DJIA falls by 11.7%


1930

June
Hawley-Smoot Tariff Act [14][15]
December
Failure of the Bank of United States [16].


1931

Banking crisis, with the failure of over 1800 banks.
Federal Reserve raises rediscount rates.
Drought on the Great Plains - start of the 10-year dustbowl

1932

Chicago Banking Panic [17].
Revenue Act: income tax rates increased and allowances reduced [18].
Reconstruction Finance Corporation [19] created
Federal Home Loan Act [20]
Recorded unemployment reaches 25 percent.

1933

March
Inauguration of Franklin D. Roosevelt [21]
4-day banking holiday (temporarily closes all U.S. banks using the Emergency Banking Act) 1933[22].
Reforestation Relief Act.
April
Departure from gold standard [23]
May
Federal Emergency Relief Act [24].
Agricultural Adjustment Act.
Federal Securities Act.
June
National Employment System Act.
National Industrial Recovery Act[25].
The National Recovery Administration and the Public Works Administration [26]
Federal Deposit Insurance Corporation [27] created

1934

Gold Reserve Act
President fixes $/gold rate at $35 an ounce (devalued from $20)
Reciprocal Trade Agreement Act [28]
Social Security Act: unemployment compensation introduced [29].
GNP rises 7.7 percent, and unemployment falls to 21.7 percent.

1935

GNP grows another 8.1 percent, and unemployment falls to 20.1 percent.

1936

1937

Recession of 1937 [30]: industrial production down 40 percent; unemployment rises by 4 million; stock market drops by 48 percent.
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