Great Depression/Timelines: Difference between revisions
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Revision as of 06:14, 4 January 2009
1920-28
1929
1930
1931
1932
- Unemployment is 25 percent.
- National income is 50 percent below that of 1929.
- Stock market is 75 percent below its 1929 high.
- Bank runs and closings are common
1933
- Franklin D. Roosevelt becomes president.
- President declares a banking holiday and temporarily closes all U.S. banks.
- Money supply is 40 percent lower than 1929.
- Approximately 4,000 commercial banks fail.
- 1,700 S&Ls fail
1934
- FDIC created
1935
1936
1937
1938
1939