September 3, 1929 The Dow Jones Industrial Average hits its highest point before the crash.
October 18, 1929 The stock market begins to sharply fall and continues through the end of the month.
November 13, 1929 The stock market hits its low point.
March 1930 Unemployment doubles from the previous year before the crash.
June 17, 1930 Smoot-Hawley Tariff, which raises import duties, is signed into law by President Herbert Hoover.
April 20, 1931 Construction on Hoover Dam begins in a public works initiative.
January 22, 1932 The Reconstruction Finance Corporation is created.
February 27, 1932 First Glass-Steagall Act passed to stop deflation.
March 4, 1933 Franklin Delano Roosevelt inaugurated as president.
March 5, 1933 FDR declares “banking holiday.”
March 9, 1933 Congress passes the Emergency Banking Act of 1933. Part of this involves taking the US off the Gold Standard.
April 5, 1933 FDR creates Civilian Conservation Corps to increase employment.
May 12, 1933 Agricultural Adjustment Act enacted.
May 18, 1933 The Tennessee Valley Authority is created.
May 22, 1933 The Federal Emergency Relief Administration is created.
June 16, 1933 National Recovery Act passed.
June 16, 1933 Congress passes second Glass Steagall Act to create the FDIC and separate commercial from investment banking.
August 19, 1933 Public Works Administration created to increase employment
June 1, 1934 Federal Communications Commission created.
June 6, 1934 FDR passes Securities Act of 1934 to establish the Securities and Exchange Commission.
June 12, 1934 Reciprocal Trade Agreement Act passed.
May 6, 1935 Works Progress Administration enacted.
July 5, 1935 Wagner Act enacted.
August 14, 1935 FDR signs into law the Social Security Act of 1935.
August 30, 1935 Revenue Acts of 1935, 1936, and 1937
November 3, 1936 FDR reelected in a landslide.
March 1937 Unemployment rises again.
April 1938 Congress passes a $3.75 billion fiscal stimulus package.
June 25, 1938 Fair Labor Standards Act
November 5, 1940 FDR is the first president reelected for a third term in office.
December 7, 1941 Japan attacks Pearl Harbor, and war production stimulates the US economy.
November 23, 1954 The Dow Jones Industrial Average returns to its pre-crash high.
Additional Sources on the Economics of the Great Depression:
PBS timeline of the Great Depression: http://www.pbs.org/wgbh/amex/rails/timeline/index.html.
1. Beaudreau, Bernard C. 2005. How the Republicans Caused the Stock Market Crash of 1929. Bloomington, Indiana: iUniverse Publishing.
2. Bernanke, Ben S. 1995. The Macroeconomics of the Great Depression: A Comparative Approach. Journal of Money, Credit and Banking, 27(1): 1-28.
3. Bernanke, Ben S. 2002. Remarks by Governor Ben S. Bernanke At the Conference to Honor Milton Friedman, University of Chicago, Chicago, Illinois. On Milton Friedman's Ninetieth Birthday. November 8.
4. Bernanke, Ben S. and Kevin Carey. 1996. Nominal Wage Stickiness and Aggregate Supply in the Great Depression. Quarterly Journal of Economics 111(3): 853-83.
5. Bordo, Michae D., Christopher J. Erceg, Charles L. Evans. 2000. Money, Sticky Wages, and the Great Depression. The American Economic Review 90(5): 1447-1463/
6. Britannica Online. 2010. New Deal. Retrieved January 8, from Encyclopædia Britannica Online: http://search.eb.com.ezproxy.lib.utexas.edu/eb/article-9055453.
7. Calomiris, Charles and Joseph R. Mason, 2003. “Fundamentals, Panics, and Bank Distress During the Depression”, American Economic Review 93.
8. Cogley, Timothy. 1999. FRBSF Economic Letter 99-10. Federal Reserve Bank of San Francisco online. March 26.
9. Cole, H., and L. Ohanian. (2000). New Deal policies and the persistence of the Great Depression: A general equilibrium analysis. Federal Reserve Bank of Minneapolis. Discussion Paper.
10. Barry Eichengreen. 1996. Golden Fetters: The Gold Standard and the Great Depression, 1919-1939. New York: Oxford University Press.
11. Eichengreen, Barry, and Jeffrey Sachs. 1985. Exchange Rates and Economic Recovery in the 1930s, Journal of Economic History 45: 925-946.
12. Eichengreen, Barry and Peter Temin. 1997. The Gold Standard and the Great Depression. NBER Working Paper No. W 6060.
13. Fisher, Irving. 1933. The Debt-Deflation Theory of Great Depressions Econometrica
1: 337-357.
14. Fisher, Irving. (1934). "Are Booms and Depressions Transmitted Internationally Through Monetary Standards?" 2nd printing with additions and corrections. New Haven, CT: Irving Fisher.
15. Friedman, Milton and Schwartz, Anna J. A monetary history of the United States, 1867- 1960. Princeton, NJ: Princeton University Press, 1963.
16. John Kenneth Galbraith. 1955. The Great Crash of 1929. New York: Mariner Books. An excellent account of the stock market bubble and the Great Depression
17. Gay, Edwin F. 1932. The Great Depression. Foreign Affairs, Vol. 10, No. 4 (Jul., 1932), pp. 529-540.
18. Hannsgen, Greg and Dimitri B. Papadimitriou. 2009. Lessons from the New Deal: Did the New Deal Prolong or Worsen the Great Depression? Levy Institute Working Paper No. 481.
19. Keynes, John Maynard. 1936. The General Theory of Employment, Interest and Money.
20. Kindleberger, Charles P. 1951. Bretton Woods Reappraised. International Organization 5(1): 32-47
21. Kindleberger, Charles P. 1986. The World in Depression, 1929-1939. Berkeley: University of California Press.
22. Krugman, Paul. 2007. Is This the Wile E. Coyote Moment? New York Times blog, http://krugman.blogs.nytimes.com/2007/09/20/is-this-the-wile-e-coyote-moment/
23. NPR.org. http://www.npr.org/templates/story/story.php?storyId=113875201
24. PBS.org. http://www.pbs.org/wgbh/amex/rails/timeline/index.html.
25. Pehle, John W. 1946. The Bretton Woods Institutions. The Yale Law Journal 55(5): 1127-1139.
26. Powell, Jim. 2003. FDR’s Folly. New York: Three Rivers Press. One attack on FDR's policies can be found in Jim Powell's FDR's Folly.
27. Rappoport, Peter and Eugene N. White. 1994. Was the Crash of 1929 Expected? The American Economic Review 84(1): 271-281.
28. Robinson, Bruce. 2009. World War Two: Summary Outline of Key Events. BBC Online. November 5.
29. Sprinkel, Beryl Wayne. 1952. Economic Consequences of the Operations of the Reconstruction Finance Corporation. The Journal of Business of the University of Chicago 25(4): 211-224
30. Steinbeck, John. 1939. The Grapes of Wrath. New York: Viking Books.
31. Taylor, Jason E. 2002. The Output Effects of Government Sponsored Cartels During the New Deal. The Journal of Industrial Economics 50(1): 1-10.
32. P. Temin, Did Monetary Forces Cause the Great Depression? New York 1976.
33. Temin (1989) . Temin, Peter. (1989). Lessons from the Great Depression. Cambridge, MA: MIT Press.
34. Wicker, Elmus. "A Reconsideration of the Causes of the Banking Panic of 1930." Jour-nal of Economic History, September 1980, 40(3), pp. 571-83.
35. Wicker. The banking panics of the Great Depression. Cambridge: Cambridge University Press, 1996.
