1930's Leigh Hollar 3/20/12 Coach Reid 3

1930's ● The 1930's was a test to see if people could handle living in a tragic time of need.

1930 ● Banks foreclosed and people lost their homes. ● In November and December more than 600 banks closed. ● This was the first bank panic. ● There were bank panics in Tennessee, Mississippi, and Alabama.

1931 ● The second bank panic began in March. ● There was a mini bank panic in Chicago in June. ● There was a full scale panic in Toledo in August. ● In September-October there was 827 bank failures.

1932 ● Stock prices had dropped 20% of the value since ● Germany unemployment had reached 6 million. ● In the United States unemployment had risen to between 12 and 15 million. ● Franklin D. Roosevelt was elected president in late ● He increased government and public work projects to promote a recovery.

1933 ● In January, banks were closing for good. ● 30% of American banks closed between 1930 and ● $140 billion disappeared through bank failures. ● Detroit lost two big banks. ● Roosevelt signed the banking act of 1933 that year it was also called the Glass Steagall Act.

1934 ● GNP rises to 7.7% and unemployment falls to 21.7%. ● No banks were open from Monday, March 6 th to Monday, March 13 th. ● There was 16,096 banks in 1934 and only 57 were suspended. ● Nine FDIC banks that were insured failed. ● The FDIC had a fund balance of $292 million.

1935 ● GNP grows another 8.1% and unemployment falls to 20.1%. ● The social security act passes this year. ● The social security act was suppose to limit the dangers in American life. ● Congress passed five acts in 1935 ● The Banking act of 1935, Emergency Relief Appropriation act, National Labor Relations, and the Social Security.

1936 ● GNP grew to a record of 14.1% and unemployment fell to 16.9% ● Top tax was raised to 79%. ● President Roosevelt is elected to a second term. ● He wins every single state except Maine and Vermont. ● Germany becomes the second nation to fully recover from the Great Depression.

1937 ● Roosevelt attempted to enlarge and liberalize the Supreme Court, and that attempt now only failed but made everybody mad. ● He tried to add new liberal judges, which also failed. ● He also tried to get rid of the Democratic Party of conservative congressman. ● These fails lead to the Conservative Coalitiion.

1938 ● No major New Deal legislation is passed in 1938 because of Roosevelt. ● The reason it is not passed is because of his weakened political power. ● Congress passes Agricultural Adjustment Act and the Fair Labor Standards Act. ● GNP falls 4.5% and unemployment rises to 19.0%. ● Hitler announces his support of Japan.

1939 ● The Untied States borrows and spends $1 billion to build armed forces in ● From 1939 to 1941, when Japanese attack Pearl Harbor, U.S. Manufacturing will have gone up 50%. ● The Great Depression is ending worldwide as nations prepare for the upcoming war. ● World War 11 starts with Hitler's invasion of Poland.

Works Cited ● great-depression ● atdepression atdepression flag.htm toessay.htm