Mrs. Ruland's Advanced Placement United States History Class
Unit 11 — Boom and Bust, 1920-1941
Timeline of the Causes of the Great Depression
| 3 AUG 23 |
Coolidge is sworn in as President |
| 13 AUG 23 |
U.S. Steel inaugurates 8-hour day |
|
18 MAR 24 |
Soldier's Bonus Bill |
| 26 FEB 26 | Revenue Act becomes law |
| 11 FEB 27 | McNary-Haugen Bill |
| 2 FEB 29 | Federal Reserve Board forbids its member banks to make loans to anyone who wants to buy stock on margin |
| 4 MAR 29 | Hoover becomes President |
| 15 JUN 29 | Congress passes Agricultural Marketing Bill |
| 22 OCT 29 | President of New York's National City Bank states "I know of nothing fundamentally wrong with the Stock Market" |
| 23 OCT 29 | Steady decline in stock market; signs of panic in New York Stock Exchange |
| 24 OCT 29 | Black Thursday; collapse of New York Stock Exchange; 13,000,000 shares sold |
| 29 OCT 29 | Black Tuesday--it's too late! |
| 13 NOV 29 |
$30.000.000.000 lost in value of stocks on New York Exchange; Chicago Market collapses |
| 31 DEC 29 | Hoover delivers his annual message to Congress, and declares that confidence in Nation's business has now been restored |
| 2 JAN 30 |
Economy sinking; prices falling; national income collapsing; unemployment at 4 million; Hoover meets with Congressional leaders to discuss public works plan |
| 31 MAR 30 | Congress adopts Public Buildings Act |
| 4 APR 30 | Congress votes 300 million to build state roads |
| 4 JUN 30 | Hawley-Smoot Tariff Bill passes |
| OCT 1930 | Unemployment at 4,500,000; Hoover says Federal government must remain aloof |
| 2 DEC 30 | Hoover recognizes problem and asks Congress for $150 million for constructing public works |
| 11 DEC 30 | Bank of United States (a private New York bank with 60 branches and 400,000 depositors) closes; 1300 bank closures in one year |
| 2 JAN 31 | 5 million unemployed |
| 27 FEB 31 | Congress overrides Hoover's veto and passes Bonus Loan Bill |
| 3 MAR 31 | Hoover vetoes Muscle Shoals Bill |
| 22 JUL 31 | Kansas Farmers produce a bumper crop of wheat; prices collapse |
| Oct 1931 | 827 more United States banks close |
| 27 FEB 32 | Glass-Steagall Banking Act |
| 21 JUL 32 | Hoover signs Relief and Reconstruction Act |
| 22 JUL 32 |
Federal Home Loan Bank Act |
| 8 NOV 32 | Roosevelt wins election; 13 million are unemployed |
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Last updated December 27, 2002
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