CHAPTER 1 - The impact of the 1929 crisis: economic and social imbalances.

24^th of October 1929

Wall Street Crash, Black Thursday

29^th of October 1929

Worst day of the crash

1929 – 1932

Spread of the economic crisis to the whole country

1933

Half of American banks were closed and Start of the Great Depression

1930s

Dustbowls

1933 (Europe)

17 million of unemployed people (excluding short time staff)

1928 – 1933

Presidency of Herbert Hoover

November 1932

election of Franklin D. Roosevelt

1930/60s

Segregation

7^th of March 1932

Dearborn Massacre

1933 New Deal

aimed to create jobs

Agricultural adjustment Act

1933, Compensation for indebted farmers

Civilian Conservation Corps

1933, provided work, a shelter, food and education to young, unmarried and unemployed men. They participated in the management of national parks with contracts ranging from 6 months to 2 years. 3 million took part.

Tennessee Valley Authority

1933, economic development of this poor region through the supply of electricity, extraction of natural resources.

1935 New Deal

aimed to redistribute wealth and support the poor

Works Progress Administration

1935, largest administration created under the New Deal. It gave work to the unemployed. The latter participated in the construction of road infrastructures and buildings. Up to 8,5 million benefited.

National Industrial Recovery Act.

1935, set out a minimum wage and established a “code of conduct” in companies.

Social Security Act

1935, instituted unemployment benefit.

National Labor Relations Act or Wagner Act

1935, gave employees the right to assemble into unions, to participate in strikes.

From 1931

effect of the 1929 US crisis in France

6^th of February 1934

The far-right wing demonstrated its hostility to the republican regime and rise of the far-right. Almost led to a coup.

1936 France

workers’ strikes in factories and Fêtes joyeuses before and after the presidential elections

4^th of June 1936

Léon Blum was appointed President of the council of the government of the Third Republic until April 1938

7^th to 8^th of June 1936

Matignon Agreements

Matignon Agreements

increase in worker’s wages from 15% to 7%, freedom of association, right to strike without consequences, implementation of collective agreements in companies with a representative body that determines rules related to working conditions, 2 weeks of paid leave per year, work week reduced from 48 to 40 hours, creation of the SNCF (effective in 1937)

July 1933

London economic conference

1910 Japan

Korea became a japanese territory

1931 Japan

Japan invaded Mandchuria, in China. It became a puppet state and was like a colony.