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Marilyn Lloyd, American politician and businesswoman (d. 2018) Gordon Moore, American computing entrepreneur and benefactor, inventor of Moore's Law (d. 2023) January 4 – Darrell Mudra, American football coach (d. 2022) January 5. Wilbert Harrison, American singer-songwriter and guitarist (d. 1994) Robert K. Massie, American journalist and ...
The Defining Moment: The Great Depression and the American Economy in the Twentieth Century (1998). Advanced economic history. Bremer, William W. "Along the American Way: The New Deal's Work Relief Programs for the Unemployed." Journal of American History 62 (December 1975): 636–652 online; Cannadine, David (2007). Mellon: An American Life.
The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [4] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.
This peak matches early-1929 levels, but is 30% below the September 1929 peak. May: Automobile sales fall below 1928 levels. June 17: Smoot-Hawley Tariff Act passed, placing more stress on the weakening global economy, primarily through the collapse in trade of agricultural products, which strained banks that had lent heavily to farmers ...
The intent of the Act was to encourage the purchase of American-made products by increasing the cost of imported goods, while raising revenue for the federal government and protecting farmers. Most countries that traded with the U.S. increased tariffs on American-made goods in retaliation, reducing international trade, and worsening the Depression.
Since the end of World War I, a glut of agricultural products on the world market had reduced the demand for American exports, resulting in domestic overproduction and a drop in prices. [29] In June 1929, Hoover signed the Agricultural Marketing Act of 1929, which established the Federal Farm Board to stabilize farm prices.
March 4, 1925 – President Coolidge begins full term, Dawes becomes the 30th vice president 1925 – Scopes Trial , whose outcome found that the teaching of evolution in the classroom "does not violate church and state or state religion laws but instead, merely prohibits the teaching of evolution on the grounds of intellectual disagreement"
The 1929 State of the Union Address was given by Herbert Hoover, the 31st United States President on Tuesday, December 3, 1929, to both houses of the 71st United States Congress. This is the first State of the Union Address that Herbert Hoover would give to the Congress, and the 1929 Stock Market Crash had just begun.