The Great Depression by xrivas1205

glass-steaggal act: separates commercial from investment banking and sets up the Federal Deposit Insurance Corporation to guarantee bank deposits

civil works administration: employ up to 4 million people, the C.W.A. is involved in the building of bridges, schools, hospitals, airports, parks and playgrounds. Additionally, C.W.A. funds go toward the repair and construction of highways and roads. Early in 1934, Congress will authorize $950 million for the continued operation of the C.W.A.

Dust Bowl: three-day dust storm blows an estimated 350 million tons of soil off of the terrain of the West and Southwest and deposits it as far east as New York and Boston. Families begin to migrate to the west

Works Progress Administration: employs more than 8.5 million individuals in 3,000 counties across the nation. These individuals, drawing a salary of only $41.57 a month, will improve or create highways, roads, bridges, and airports. In addition, the WPA will put thousands of artists -- writers, painters, theater directors, and sculptors -- to work on various projects. The WPA will remain in existence until 1943. Temporary project.

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July 1935: Wagner National Labor Relations Act
August 1935: Social Security Act is signed into law

WNLRA: goal of the act is to validate union authority and supervise union elections.

Social Security Act: Among the most controversial stipulations of the act is that Social Security will be financed through a payroll tax. Historian Kenneth S. Davis calls the signing of the act "one of the major turning points of American history. '

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April 1938: FDR request for Congress
Nov. 1940: FDR re-elected and U.S. is on a better track.

1937: New deal sudders set back because unemployment rises a little again

April 1938: FDR askes Congress to authorize $3.75 billion in federal spending to stimulate the sagging economy, but unemployment still remains high.

Nov. 1940: Franklin Roosevelt is elected to an unprecedented third term as president. victory comes from his war policies. Following Japan's December 1941 bombing of Pearl Harbor, the U.S. will enter the war in the Pacific and in Europe. The war effort will jump-start U.S. industry and effectively end the Great Depression. New job opportunities because of world war 1

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1929 - 1933(decline)
1934 - 1939(recovery)

http://www.jstor.org/stable/10.1086/421169?Search=yes&resultItemClick=true&...

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Real gross domestic product per adult was 39% below trend in 1939

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