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great depression
Updated: 9/23/2020
great depression
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Storyboard Text

  • black thursday (oct. 24 129)
  • everybody bought everything up at once , making prices drop , resulting in me having to lay people off.
  • smoot-hawley tariff act (june 17th,1930)
  • and... its signed.
  • riots (february , 1931)
  • we gone pretend this is food.
  • thats mines . no..
  • was the stock market crash of 1929. stock prices dropped by 11% fast.
  • revenue act (june 6th,1932)
  • raised taxes on 900 imports.was orginally supose to help farmers buh instead imposed tariffs . as a result international trade began to collapse
  • new deal (march 9th,1933)
  • droughts got so bad food riots in minneapolis. people was suffering
  • gold reserve act (jan.30th ,1934)
  • it feels nice to own gold
  • hoover signed the act.it incrased income tax rate.hoover believe it would restore confidence, instead it higher taxes became worst.
  • closed
  • franklin relano Roosevelt launched the new deal.it closed all u.s banks to stop devastating failures.
  • closed
  • prohibitied private ownership of gold and doubled the price. this act changed gold price history .
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