Cronología by Norma Iliana Montalvo Rodríguez

Stock Market Crash (October 1929)

cmnormamr — 2024-05-20 22:45:07 UTC

This was the "Black Tuesday" that signaled the start of the Great Depression. Speculative trading led to an economic bubble in the stock market, which ultimately caused the disaster.

Bank Failures (1930)

cmnormamr — 2024-05-20 22:45:20 UTC

A wave of bank failures in 1930 followed the stock market crisis, resulting in a sharp decrease in the country's economic standing.

Global Spread of the Crisis (1930-1931)

cmnormamr — 2024-05-20 22:45:36 UTC

The gold standard's ability to link economies allowed the crisis to spread throughout the world. Europe's and other regions' economies declined as a result of the dramatic drop in global commerce.

Hoover’s Economic Policies (1931)

cmnormamr — 2024-05-20 22:45:47 UTC

Reconstruction Finance Corporation was one of President Hoover's attempts to boost the economy, but these initiatives did not significantly alleviate the crisis.

Franklin D. Roosevelt’s New Deal (1933)

cmnormamr — 2024-05-20 22:45:56 UTC

FDR implemented a number of policies and initiatives designed to help the unemployed and boost the economy.

Social Security Act (1935)

cmnormamr — 2024-05-20 22:46:10 UTC

For the first time, this act gave Americans access to unemployment, disability, and old age pensions.

Global Political Instability (1930s)

cmnormamr — 2024-05-20 22:46:23 UTC

Political unrest brought about by the economic unrest gave rise to autocratic governments like the military regime in Japan and Adolf Hitler's in Germany.

Start of World War II (1939)

cmnormamr — 2024-05-20 22:46:37 UTC

WWII began as a result of the crisis' long-term repercussions, which included political unrest and economic hardship.