1930's Business and the Economy | Important Events in Business and the Economy, 1930

1930

Continental Baking introduces the world's first commercial sliced bread loaf, Wonder Bread.
In January, the National Economic League, a group of business leaders, lists unemployment as only the eighth most serious problem in the United States. This belief underscores business leaders' lack of sympathy for workers during the Great Depression.
On March 6, General Foods introduces Birds Eye Frosted Foods to stores in Springfield, Massachusetts. Frozen vegetables, fruits, and meats soon become a staple of grocery stores, despite high prices.
On June 17, despite a petition signed by 1,028 economists, President Herbert Hoover signs the Smoot-Hawley Tariff—the highest in American history—into law. Other countries will retaliate by raising tariffs against the United States.
In July, McGraw-Electric of Elgin, Illinois, introduces the first automatic toaster.
On October 3, in Rusk...