Events with tag - Economic Recovery

October 29, 1929

The Great Depression Peak Unemployment

The Great Depression reached its devastating peak in 1933 with an unprecedented 24.9% unemployment rate, leaving 15 million Americans jobless in the worst economic crisis of modern history.

October 29, 1929

The Great Depression

The Great Depression was the worst economic downturn in US history, beginning with the stock market crash of 1929 and ending between 1939-1941 due to World War II's massive industrial mobilization.

March 9, 1933

Launch of the First New Deal

President Franklin D. Roosevelt initiated the First New Deal, a comprehensive series of economic reforms and relief programs to combat the Great Depression. Within his first 100 days in office, FDR implemented 15 major pieces of legislation to stabilize banks, create jobs, and provide economic relief.

March 9, 1933

Emergency Banking Act

The Emergency Banking Act of 1933 was a landmark legislation passed during the Great Depression that gave the federal government and Federal Reserve expanded powers to stabilize the failing banking system and restore public confidence.

March 31, 1933

Civilian Conservation Corps Establishment

The Civilian Conservation Corps (CCC) was established as a groundbreaking federal work program to combat the Great Depression, providing employment to millions of young men while preserving America's natural resources.

June 16, 1933

Public Works Administration Creation

The Public Works Administration (PWA) was established as a crucial part of President Roosevelt's New Deal program, with an initial budget of $3.3 billion to combat the Great Depression through massive infrastructure projects and job creation.

June 16, 1933

FDIC Establishment

The Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression as a crucial financial safeguard to restore confidence in the U.S. banking system. This landmark institution began insuring bank deposits on January 1, 1934, marking a fundamental shift in banking regulation.

June 6, 1934

SEC Establishment

President Franklin D. Roosevelt established the Securities and Exchange Commission (SEC) by signing the Securities Exchange Act into law, creating the first federal regulatory agency for securities markets in response to the 1929 stock market crash.

May 6, 1935

WPA Establishment

President Franklin D. Roosevelt established the Works Progress Administration (WPA) through Executive Order 7034, launching the largest New Deal agency that would employ 8.5 million Americans and transform the nation's infrastructure during the Great Depression.

August 29, 1935

Federal Art Project Launch

The Federal Art Project (FAP) was launched as a groundbreaking government initiative that employed over 10,000 artists and created more than 200,000 artworks during the Great Depression. This revolutionary program marked the first large-scale federal support system for artists in American history.

September 1, 1937

Farm Security Administration Establishment

The Farm Security Administration (FSA) was created through Executive Order 7530 to replace the Resettlement Administration, focusing on combating rural poverty and supporting struggling farmers during the Great Depression.