The Great Depression
Claire C, Grace B, Kailyn P
5 Important Events of the Great Depression
- FDR: When President Franklin Roosevelt took office in 1933, he acted swiftly to try and stabilize the economy and provide jobs and relief to those who were suffering. FDR created a collective number of programs to help with the great depression called the New Deal. The President declared a four day bank holiday to stop people from withdrawing their money from shaky bank, and asked Congress to take the first step toward ending Prohibition. In April, he created the Works Project Administration (WPA) to provide jobs for unemployed people.
- Dust Bowl: The Dust Bowl started in 1934 and was caused by a series of droughts that lasted for 8 straight years. The drought killed crops that had previously kept rich black soil in place. When winds blew, they raised enormous clouds of dust that deposited mounds of soil on everything, even covering houses. The drought and dust destroyed a large part of agricultural production. That even worsened the Great Depression.
- Eleanor Roosevelt: Eleanor was the First Lady. She helped found organizations and worked with the youth. She was concerned, during the Great Depression, with the youth in need, so she started the National Youth Administration. This organization gave thousands of students part-time jobs. She also worked with human rights activists and became a United Nations delegate.
- Major Bank Collapse: New York's Bank of the United States collapses in the largest bank failure to date in American history. $200 million in deposits disappeared.
- New Deal: Created by FDR, the nEw Deal was a major program that was made for the strict purpose of helping with the Great Depression. Within this program, there were multiple organizations created, such s the CWA, the PWA, the NRA, etc. It was in place from 1933 to 1938 and it stood to confront one political setback after another.
Roosevelt inaugurated; begins "First 100 Days" of intensive legislative activity.
Congress passes the Banking Act of 1935 and the Social Security Act.