Great Depression/Timelines: Difference between revisions

Revision as of 14:36, 15 December 2008

Timelines ^[?]

Tutorials ^[?]

Addendum ^[?]

A timeline (or several) relating to Great Depression.

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

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+: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
+: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
+:FDIC created