1914

WWI Begins

1915

US Enters WWI

Size of Armed Forces raises national debt

Ways to fund a war.
1916
1917

Celebrity War Support

1917

Herbert Hoover Administrator

1917

Labor Disputes

1917

Prohibition

1918

Mobilization & Veteran Benefits

1918

Armistice Agreement ending WWI

Economic Bueracracy

1919

Economic Consequences of Peace

Womens Right to Vote
Educational Reform

1921

Joint Commission of Agriculture Inquiry

1920-21

Mini-Recession

1920-30

Manufacturing Boom!

1920
1923-29

Low unemployment

1929

1928-29

1928

1924-29

1929

1929-33

1933

1929-33

1929-33

Agriculture
o Establish a Federal Farm board that would form stabilization corruption that were own by the cooperative.
o $500 million USD fund to carry price support operation.
o Overall help was limited to farmers.
Stock Market Bubble

End of Poverty
Unsustainable Stocks

Paranoia

Most important economic event of 20 th Century

Life at the Trough of the Depression

Two main causes of Depression
a. June 1930 the Smoot-Hawley Tariff passed. This raised tariffs on a wide array of goods, especially
agricultural products.

Bank Failures

1931

Global Banking Crisis

1933

Final U.S. Banking Failure

1933

FDR!

1933

Farewell Gold Standard!

1934

Welcome Back Gold Standard!

1933-37

Steady GDP Growth

MAR
1933 Civilian Conservation Corps Federal Reserve Notes
APR 1933

MAY 1933 Agricultural Adjustment Act

o Price of corn at Central markets fell from $0.77 to $0.19 per bushel.
o The average price of wheat dropped from $1.08 to $0.33 per bushel.
o Between 1929 and 1932 prices received by farmers declined 56%.
o Prices received by farmers divided by prices paid -- down 37%.
o Net real income fell from $6.2 billion to $3 billion in constant 1929 dollars.
o Farmers went into debt to acquire land and ended up defaulting when the post-war economy fail to sustain
the high prices of the war years.
o High levels of foreclosures in the early 1930s were mainly the result of the fall in agricultural prices.
o Two means of raising farm prices were used during the 1930s 1st marketing agreements and 2nd surplus
removal programs.

MAY 1933 Federal Emergency Relief Agency

JUN 1933 National Industrial Recovery Act

1933

Glass-Steagall Act Standard.

APR 1935 Works Projects Administration

1935-41

The Second New Deal

1938

Fair Labor Standards Act

1939-42

The Food Stamp Plan

1939

Arms Race

1939

1st Act of WWII

1941

Thriving Economy

1941

Infamous Date

1944

D-Day

1945

Germany surrenders

1945

Atomic Bombs

1946

Wagner Act .

1947

Labor Management Relief

1947

GI Bill