A crowd of investors gather outside the New York Stock Exchange on "Black Tuesday"—October 29, when the stock market plummeted and the U.S. plunged into the Great Depression.
Black Tuesday (Oct. 24, 1929)kicked off the stock market crash of 1929
Smoot-Hawley Act of 1930raised import tariffs and arguably worsened the Great Depression
The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, was a law that implemented protectionist trade policies in the United States. ... The act raised US tariffs on over 20,000 imported goods.
June 1930The Dust Bowl began
The Dust Bowl was the name given to the drought-stricken Southern Plains region of the United States, which suffered severe dust storms during a dry period in the 1930s. As high winds and choking dust swept the region from Texas to Nebraska, people and livestock were killed and crops failed across the entire region.
1933FDR took office
He created numerous programs to provide relief to the unemployed and farmers while seeking economic recovery with the National Recovery Administration and other programs. He also instituted major regulatory reforms related to finance, communications, and labor, and presided over the end of Prohibition.
1933The New Deal launched programs like the Social Security Act to reverse the downward economic spiral
The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. ... The New Deal included new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen sharply.
Most did not experience full recovery until the late 1930s or early 1940s, however. The United States is generally thought to have fully recovered from the Great Depression by about 1939. Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939.
1939The economy started to grow again and the Great Depression was over
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