Events with tag - Government Intervention

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.