Timeline of the 1929 Crisis by Karen Cedillos Rodriguez

October 29, 1929 - Stock Market Crash (Black Tuesday)

cmkarencr — 2024-05-20 02:04:30 UTC

The Wall Street Crash of 1929, also known as Black Tuesday, marked the beginning of the Great Depression. Stock prices collapsed, leading to widespread panic and economic turmoil. Impact: The crash triggered a global economic downturn, causing bank failures, unemployment, and a contraction in international trade, exacerbating social and political tensions worldwide.

1930 - Smoot-Hawley Tariff Act

cmkarencr — 2024-05-20 02:04:59 UTC

The United States passed the Smoot-Hawley Tariff Act, imposing high tariffs on imported goods to protect domestic industries. Impact: The tariffs sparked retaliation from trading partners, leading to a decline in international trade and exacerbating the global economic downturn.

1931 - Banking Crisis in Europe

cmkarencr — 2024-05-20 02:05:45 UTC

Banking crises hit several European countries, including Austria, Germany, and the United Kingdom, leading to widespread bank failures and financial instability. Impact: The banking crises deepened the economic recession, causing widespread unemployment and social unrest, fueling political extremism and destabilizing governments across Europe.

1932 - Rise of Adolf Hitler and the Nazi Party

cmkarencr — 2024-05-20 02:07:11 UTC

Adolf Hitler and the Nazi Party gained significant support in Germany during the Great Depression, capitalizing on economic hardship and nationalistic sentiment. Impact: The rise of fascism in Germany threatened regional stability and contributed to the breakdown of international relations, laying the groundwork for World War II.

1933 - Franklin D. Roosevelt's New Deal

cmkarencr — 2024-05-20 02:07:38 UTC

President Franklin D. Roosevelt implemented the New Deal, a series of programs aimed at economic recovery and relief during the Great Depression. Impact: The New Deal provided relief to millions of Americans, stabilized the banking system, and restored confidence in the U.S. economy, but it also sparked debates over government intervention in the economy and increased federal power.

1934 - Gold Reserve Act

cmkarencr — 2024-05-20 02:08:05 UTC

The United States passed the Gold Reserve Act, effectively devaluing the dollar and increasing the government's control over gold reserves. Impact: The act helped stabilize the U.S. economy by increasing liquidity and boosting exports, but it also fueled concerns about currency devaluation and sparked competitive devaluations among other countries.

1936 - Spanish Civil War Begins

cmkarencr — 2024-05-20 02:08:27 UTC

The Spanish Civil War erupted between the Republicans, supported by left-wing factions, and the Nationalists, led by Francisco Franco and supported by fascist regimes. Impact: The Spanish Civil War became a proxy conflict between fascist and anti-fascist forces, exacerbating political tensions in Europe and contributing to the onset of World War II.

1938 - Munich Agreement

cmkarencr — 2024-05-20 02:08:54 UTC

Britain, France, Italy, and Germany signed the Munich Agreement, allowing Nazi Germany to annex the Sudetenland region of Czechoslovakia. Impact: The Munich Agreement demonstrated appeasement policies pursued by Western powers in response to Nazi aggression, emboldening Hitler and further destabilizing Europe, ultimately leading to the outbreak of World War II.