Key Events that happened in the great depression.
Entangled in the economy roots of depression.
The Bull Market was for loans.
Price Investors paid stock and reflected the stock's true value
Presidents viewed each other with despair
Roosevelt was elected governor of New York
When the economy collapses
When Black Tuesday started
Great Depression started
30% nation's income for top 5 American households.
Lots of banks failed and people lost their savings that were inside the bank.
Stock market crashes on Black Tuesday.
The Depression triggered a crisis of confidence.
Hawley-Smoot passed a law about the Depression.
The Empire State Building opened for business.
National Credit Corporation was created
Companies went out of business.
Relief of measure of money
Drought sweeps Great Plains
Herbert Hoover runs for second term as president.
Reconstruction Finance Corporation was created.
Bonus marchers were forced out of Washington DC
Marchers forced out of Washington DC
The Court Packing Bill was defeated.
Roosevelt Recession begins
When the Great Depression ended and people were happy about it.