Events Leading to Depression

Main

Reid Newfoundland Company

1920

The American Federation of Labor falls from 5.1 million in 1920 to 3.4 million

1920

False Sense Of Prosperity Before The Great Depression

1920

the Railway Settlement Act

1923

Bank Failures

1925

International Trade Lowering

1925

Reduction in Purchasing Across the Board

1928

People saw the failure so they saved money. But when this happened jobs were lost making it worse.

Unemployment Rates Grew

1928

prices of stocks rises by 40 percent

1928

Stock Market Crash of 1929

1929

Great Depression

1929 - 1945

Smoot-Hawley Tariff

1930

The Dust Bowl

1930

The GNP falls 9.4 percent from last year

1930

The unemployment rate climbs from 3.2 to 8.7 percent

1930

government owed $100 million and faced bankruptcy

1933