Great Depression - Federal Reserve continues with its plan to raise interest rates

Time: 1929

Place: Eccles Building, Washington D.C., U.S.

Details: Consumer spending and industrial production begin to stagnate in Summer. The Federal Reserve continues with its plan to raise interest rates from 4% in mid-1928 to 6% by mid-1929 in an attempt to combat speculative behavior.

Related

Near

Great Depression-First major round of U.S. bank failures

Dec, 1930 - U.S.

Great Depression-Minor recession begins

Aug, 1929 - U.S.

Great Depression-Mini-stock market crash occurs

Monday Mar 25, 1929 - U.S.

Great Depression-Federal Reserve begins lowering the discount rate

Friday Nov 1, 1929 - Eccles Building, Washington D.C., U.S.

Great Depression-Federal Reserve's federal funds rate reaches 2%

Dec, 1930 - Eccles Building, Washington, D.C., U.S.

1929

Mao Zedong-Mao and Zhu evacuated The Base

Jan, 1929 - Jiangxi, China

BMW-BMW became an automobile manufacturer

1929 - Munich, Germany

Louis Armstrong-Returned to New York

1929 - New York, U.S.

Franklin D. Roosevelt-A Governor

Tuesday Jan 1, 1929 - New York, U.S.

Brunei revolt-Discovering Oil

1929 - Seria, Brunei