Unknown Story
Montāžas Teksta
- October 1929- Great Depression
- Dec 1931- Major Bank Collapse
- Nov 1932-Roosevelt Elected
- The stock market crash was a four-day collapse of stock prices that began in october 24.
- 1932-Financial
- New York's Bank of the Untied States collapses in the largest bank failure to date in american History. $200 million in deposits disappear.
- 1933-New deal
- Roosevelt defeated republican incumbent President Herbert Hoover and Roosevelt won in a landslide.
- 1934-act
- Congress created the Reconstruction Finance corporation to lend $2 billion to financial institutions to prevent further failures.
- Franklin Delano Roosevelt launched the New Deal with the emergency banking Act. It closed all U.S. banks to stop evastating failures.
- The Gold Reserve Act Prohibited private ownership of gold and doubled its price.
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