Download The Great Depression: A Timeline of Key Events and Government Responses and more Study Guides, Projects, Research Finance in PDF only on Docsity!
Timeline of the "Great Depression"
USA Joins WWII
Fed "Pops" Bubble With Monetay Contraction
Stock Market Crash 1929 - 1933 The "Great Contraction" The "Roaring 20's" Due in part to Federal Reserve Bank Expansionary Monetary Policy 1933 USA Pulls Out of Gold Standard and Begins Recovery New Deal Enacts Agricultural Adjustment Act (AAA) and National Industrial Rcovery Act (NIRA)
"Roosevelt Recession" 1930 Smoot-Hawley Tariff Act
NIRA and AAA Declared Unconstitutional 1935 - 1943 25% of all America families receive income from Works Progress Administration (WPA) jobs.
Pump- Priming Act
Unemployment Reachest Highest Point, 25% 1937 Unemployement reaches lowest point, 12% Wagner Act
The Hoover Administration
Federal Debt 20 % of Economy Unemployment 3.2% Federal Debt 40% of Economy Unemployment 24.9%
Smoot-Hawley
Tariff of 1930
Unemployment 8.9%
Agricultural tariffs up 70% Alcohol tariffs up 30% Textile tariffs up 20% Trade barrier reciprocity and massive industrial lay-offs Agriculture exports down 33% Hoover White House meetings for 'high-wage doctrine' Hoover attempts public works 'fiscal stimulus'
Revenue Act
of 1932
Unemployment 22.9%
Personal income tax doubled Estate tax doubled Corporate income tax up 15% Reconstruction Finance Corp (RFC) founded 1932 and loans to banks, railroads and farm mortgage associations Prices down 25% but wages down only 15% causing more unemployment Early payment of WWI veteran bonues
