Causes of the Great Depression. Examines initial events leading to high unemployment and bank failures. Timetable of major events. Effects of the New Deal and World War II. President Franklin D. Roosevelt's policies. Broad range of government policies to help unemployed Americans. Economic theories of John M. Keynes.
From the Paper:
"The Great Depression of the 1930s
Although the Great Depression is largely acknowledged to have begun in 1929 and ended with the onset of World War II, there were events before 1929 that affected the economy during the 1930s. The timeline present below highlights some of the major events of the Great Depression ("The Great," 2000).
Year
.Event
.
.1919
.The Economic Consequences of the Peace published by John Maynard Keynes
.
.1920
.Protectionist Jones Act passed, requiring that vessels used to ship merchandise between US ports be owned and documented by the US
.
.1923
.Federally mandated minimum wage is declared unconstitutional by the Supreme Court in a District of Columbia case
.
.1928
.Herbert Hoover elected president
.
.1929
.October 24, stock market crashes ("Black Thursday"
.
.1930
.Treatise on Money published by John Maynard Keynes
Smoot-Hawley Tariff Act passed in June
.
.1931
.September 21, Britain goes off the gold standard
December 11, New York Bank of the United States fails ..."
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