with a catastrophic collapse of stock-market prices on the New York Stock Exchange in October 1929. Father an auto mechanic laborer, painter by trade, tubercular. The controversial work of the National Recovery Administration (NRA) was also part of the First New Deal. Coolidge is no less committed to laissez-faire and a non-interventionist government. Surplus Commodities Program (1936 gives away food to poor; still exists as the Supplemental Nutrition Assistance Program. Many different programs were directed at farmers.
Abandonment of gold standard, 1933: gold reserves no longer backed currency; still exists. 184 The extraordinary growth in money supply beginning in 1933 lowered real interest rates and stimulated investment spending. The bill imposed an income tax of 79 on incomes over 5 million. 42 In her essay "What ended the Great Depression?" (1992 Christina Romer argued that this policy raised industrial production by by 43 Securities Act of 1933 edit Before the Wall Street Crash of 1929, there was no regulation of securities at the federal level. Timelines OF THE great depression: This page features two timelines: the first for general events of the Roaring 20s and the Great Depression, the second for leading economic indicators. In Germany Hitler adopted policies that were more interventionist, developing a massive work-creation scheme that had largely eradicated unemployment by 1936. A long road to recovery begins. 193 194 Libertarian interpretation: rather harmful edit Lowell. Martha Derthick, The Politics of Deregulation (1985. "Political Sociological Models of the.S. Main Street in Crisis: The Great Depression and the Old Middle Class on the Northern Plains (1992).