Great Depression/Timelines: Difference between revisions
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1932 | |||
:Unemployment is 25 percent. | |||
:National income is 50 percent below that of 1929. | |||
:Stock market is 75 percent below its 1929 high. | |||
:Bank runs and closings are common | |||
1933 | |||
:Franklin D. Roosevelt becomes president. | |||
:President declares a banking holiday and temporarily closes all U.S. banks. | |||
:Money supply is 40 percent lower than 1929. | |||
:Approximately 4,000 commercial banks fail. | |||
:1,700 S&Ls fail | |||
1934 | |||
:FDIC created |
Revision as of 15:36, 15 December 2008
1932
- Unemployment is 25 percent.
- National income is 50 percent below that of 1929.
- Stock market is 75 percent below its 1929 high.
- Bank runs and closings are common
1933
- Franklin D. Roosevelt becomes president.
- President declares a banking holiday and temporarily closes all U.S. banks.
- Money supply is 40 percent lower than 1929.
- Approximately 4,000 commercial banks fail.
- 1,700 S&Ls fail
1934
- FDIC created