Timeline

By Jonnyontiveros2222
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    Great depression

    The Great Depression was a severe worldwide economic downturn that lasted from 1929 until the late 1930s.

  • stock market crash ( Black Tuesday)

    the stock market crash marked the beginning of the Great Depression. Billions of dollars were lost, and it triggered widespread panic.

  • Bank failures

    As the economic situation worsened, thousands of banks failed. Many people lost their life savings, leading to a loss of confidence in the banking system

  • Dust bowl

    Severe droughts and poor agricultural practices led to massive dust storms in the Midwest, exacerbating economic hardship for farmers and leading to widespread migration.

  • Unemployment rates rising

    Unemployment soared, reaching around 25% at its peak in 1933. Millions of Americans struggled to find work, leading to increased poverty and social unrest.

  • Civilian conservation corps

    A key part of the New Deal, the CCC provided jobs for young men in environmental conservation projects, helping to reduce unemployment and improve national parks.

  • New deal programs

    In response to the crisis, President Franklin D. Roosevelt implemented a series of programs and reforms known as the New Deal aimed at economic recovery, job creation, and social welfare.

  • Emergency banking act

    This act allowed the government to stabilize the banking system. It included a four-day bank holiday to prevent further withdrawals and restore public confidence.

  • Social security act

    This landmark legislation established a social insurance program to provide financial support for the elderly, disabled, and unemployed, laying the foundation for the modern welfare state.

  • Wagner act

    Also known as the National Labor Relations Act, this law protected workers' rights to organize and bargain collectively, leading to a significant increase in union membership.

  • Recession of 1937-1938

    An economic downturn within the Great Depression, the recession was caused by a combination of reduced government spending and a tightening of monetary policy, leading to renewed job losses and economic stagnation.