Great Depression Timeline

The Great Depression timeline stretches from 1929-1939 (although some claim it stretches all the way untill 1941). So, without any further ado here is the timeline of the great depression.

1929

• At its height $8.5 billion dollars were issued in margin loans in 1929 compared to $1 billion in 1920.

• Sep 3, US market was at an all time high.

• Sep, Rodger Babson an economist said, “sooner or later a crash is coming and it may be terrific”

• On Black Thursday 12,895,000 shares of stock were recorded to have been sold.

• On Black Tuesday 16,410,000 shares were recorded to be sold and it is speculated that an additional 7,000,000 were sold on the curb.

• Black Monday saw a 22.6% drop in the market.

1930

• June 17th the Hawley Tarrif Act was passed

• The Committee for Unemployment Relief Committee formed

• Unemployment falls to 8.7%

• GNP falls 9.4%

• 2,293 banks fail

1931

• Japan Invades Manchuria starting a war that would later merge with WW2.

• U.K. becomes the first major nation to go off the gold standard. It would be followed by nearly every significant nation in the next few years.

• December, Japan leaves the gold standard

• December, New Your Bank of the United States fails

• GNP falls 8.5%

• Unemployment reaches 15.9%

1932

• Federal Reserve officials begin an open market program to buy $500 million shares worth of securities.

• June 6, the Revenue Act of 1932 raised top tax rates from 25% to 63%.

• 1,493 banks failed

• FDR beats Hoover for presidency by a landslide (472 to 59 in the Electoral College)

• The Dow Jones reaches its lowest point, down 89% off of its highs in 1929.

1933

• America Leaves the Gold Standard

• A series of acts pass to raise the U.S. economy among them the Agriculture Adjustment Act, the Farm Credit Act, The National Industrial Recovery Act, and the Emergency Railroad Transportation Act.

• 4,000 more banks fail

• Unemployment reaches 26%

1934

• Sweden becomes the first country to pull itself out of the Great Depression timeline

• More Acts passed to help out the economy among them the Crop Loan Act, Anti Racketeer Act, Federal Farm Bankruptcy Act, and the Reciprocal Trade Agreement Act.

• GNP and unemployment numbers look better for the first time since the start of the great depression timeline. GNP raises 7.7% and Unemployment decreases to 21.7%

1935

• More acts pass to help out the economy including the Banking Act of 1935, Emergency Relief Appropriation Act, National Labor Relations Act, and the Social Security Act.

• Supreme Court rules the National Recovery Administration Unconstitutional.

1936

• Top Tax Rate increases to 79%

• FDR wins a second term by another landslide

1937

• FDR concerned about the federal budget cuts spending on economy. As a result the stock market starts to crash again.

1938

• FDR asks congress for another $3.75 billion dollars to help the economy.

1939-1941

• Germany Invades Poland starting WW2

• The timeline of the Great Depression is coming to an end in most countries

• U.S. spends $1 billion dollars on its Armed Forces bringing in more new jobs.

• The U.S. prepares for a war which will leave their economy booming once again.

That is the Great depression timeline if there is something you want me to add contact me and tell me about it. I'll look into it.

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