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The New Deal Timeline

The New Deal Timeline

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Storyboard Description

FDR's New Deal Timeline - Great Depression timeline

Storyboard Text

  • Black Tuesday
  • Timeline of the New Deal
  • On Tuesday, October 29th, 1929 the stock crashed. Over a span of two days over $30 billion were lost and many argue this was the beginning of the Great Depression.
  • FDR is Inaugurated
  • Food Riots Begin
  • Matt's Market
  • In February of 1932, due to economic hardships of the Great Depression major food riots took place in Minneapolis and soon spread across the country. Riots involved Americans looting from merchants and resorting to violence as poverty continued to rise.
  • On March 4th, 1933 Franklin Delano Roosevelt became the 32nd President of the United States. FDR promised that programs would be created over the course of his "First 100 Days" and devoted his early years in office to fixing the problems of the Great Depression.
  • First Fireside Chat
  • On March 12th 1933, FDR issues his first "fireside chat" on American radio. These "chats" provided millions of Americans with both information of the current state of affairs and a great sense of confidence that their government had not abandoned their hardships.
  • FDIC Established
  • Safety Bank
  • On June 13th, 1933 the Federal Deposit Insurance Corporation was created. The FDIC's role was to provide insurance to Americans that money deposited in American banks would be reimbursed in case of another market collapse. This corporation led to greater confidence in the American banking system.
  • Supreme Court Rules Social Security Act Constitutional
  • "Congress may spend money in aid of the 'general welfare'... There have been great statesmen in our history who have stood for other views... The line must still be drawn between one welfare and another, between particular and general."
  • On May 24th, 1937 the Supreme Court ruled that the Social Security Act was Constitutional. Despite many of FDR's New Deal acts being declared unconstitutional, the Social Security Act provided millions of Americans with financial security as they age into their elder years.

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