1930's
In order to pay WWI debts and reparations.
1930
Germany ask US for borrowed money
1854
Economy hit bottom
After shrinking 27 percent since its peak
Signed by president Herbert Hoove to increase the top income tax rate to 63%.
1932
Revenue Act of 1932
1933
New US President - Roosevelt
1932
Socialist Realism
1933
Roosevelt launched New Deal
It closed all U.S. banks to stop devastating failures.
Created to lend $2 billion to financial institutions to prevent further failures.
1932
Creation of the Reconstruction Finance Corporation
1934
The Gold Reserve Act
Prohibited private ownership of gold and doubled its price. The act changed gold price history.
1934
Soviet Realism
It was to be and art that practiced and exasperatedly realistic representation.
Throughout the year it killed 5,193 people.
1936
Heat wave US
1935
DNA Discovered
Russian scientist Andrei Nikolaevitch Belozersky isolates pure DNA.
The economy started to grow again. Unemployment rose to 19 percent and prices fell 2.8 percent.
1938
End of the Great Depression
1938
German Anschluss with Austria
Hitler went ahead with his plans to unify all German-speaking people. He annexed Austria then demanded the liberation of German people in the Sudetenland region of Czechoslovakia.
France, Italy and Germany agreed Hitler should have the Sudern land of Czechoslovakia.
1938
Treaty of Munich
1939
Einstein's letter to Roosevelt
In it he expressed his concern about the fact that they didn't have a bomb as powerful as Germany.
Despite the assurances given by Hitler in the Treaty of Munich.
1939
Hitler invades Czechoslovakia
1939
Britain rearms and reassures Poland
Hitler and Stalin signed a non-aggression pact which included secret clauses for the division of Poland.
1939
Russia and Germany sign pact
1939
Hitler invades Poland
A device essential to sending and receiving radio waves and one the U.S.
1939
Britain and France declare war on Germany
1939
Phoney War
The months following Britain’s declaration of war are referred to as the ‘phoney war’ because Britain saw no military action.