Great Depression in the United States/Timelines
From Citizendium, the Citizens' Compendium
- (For brief notes on the New Deal legislative measures, and institutions referred to see the Addendum subpage of the article on the New Deal )
- Post-war recession .
- Warren G Harding becomes President 
- The Fordney-McCumber Tariff Act 
- Florida land boom bubble bursts 
- Long Island meeting of central bankers to discuss UK plea to help the £ by raising the US discount rate .
- Death of Benjamin Strong, Governor of the Federal Reserve Bank of New York 
- Federal Reserve Bank raises its discount rate to 5%
- Herbert Hoover becomes President 
- Start of a downturn in economic activity 
- Federal Reserve Bank raises discount rate to 6%.
- The stock market crash of 1929.
- 24 Black Thursday DJIA falls by 13%
- 28 Black Monday DJIA falls by 12.8%
- 29 Black Tuesday DJIA falls by 11.7%
- Banking crisis, with the failure of over 1800 banks.
- Federal Reserve raises rediscount rates.
- Drought on the Great Plains - start of the 10-year dustbowl
- Chicago Banking Panic .
- Revenue Act: income tax rates increased and allowances reduced .
- Reconstruction Finance Corporation  created
- Federal Home Loan Act 
- Recorded unemployment reaches 25 percent.
- Departure from gold standard 
- Federal Emergency Relief Act .
- Agricultural Adjustment Act.
- Federal Securities Act.
- Gold Reserve Act
- President fixes $/gold rate at $35 an ounce (devalued from $20)
- Reciprocal Trade Agreement Act 
- Social Security Act: unemployment compensation introduced .
- GNP rises 7.7 percent, and unemployment falls to 21.7 percent.
- GNP grows another 8.1 percent, and unemployment falls to 20.1 percent.
- Recession of 1937 : industrial production down 40 percent; unemployment rises by 4 million; stock market drops by 48 percent.