Events with tag - Great Depression

May 18, 1933

Tennessee Valley Authority Established

The Tennessee Valley Authority (TVA) was established as a federal corporation during the Great Depression to address poverty, flood control, and rural electrification across seven southeastern states.

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.

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.

April 12, 1945

Death of FDR

Franklin D. Roosevelt, the 32nd President of the United States, died from a cerebral hemorrhage at his retreat in Warm Springs, Georgia. His death occurred just 82 days into his fourth term and weeks before the Allied victory in World War II.