WI - A great San Francisco earthquake in 1936 instead of 1906?

What if instead the earthquake occurring in 1906, San Francisco is hit by a powerful devastating earthquake in 1936? In the midst of the Great Depression and while Fascism is rising to prominence in Europe. How would this have affected the USA's military strategic situation on the eve of WW2, since San Francisco would be still in the rebuilding stage at that time?

IOTL Golden Gate Bridge opened in 1937, but the bridge wouldn't be the same in design if there'd been no earlier earthquake. It wouldn't be as strongly engineered to resist an earthquake, whatever the bridge would be called in this timeline, it would probably collapse totally.

None of the buildings would be designed for earthquake resistance as strongly as IOTL.

How would this affect the politics and the economy?
 
You're creating some major butterflies here -- for example, the Panic of 1907 was largely a result of the 1906 earthquake; the response to it in turn led to the creation of the Federal Reserve.

And that's just off the top of my head...
 
You're creating some major butterflies here -- for example, the Panic of 1907 was largely a result of the 1906 earthquake; the response to it in turn led to the creation of the Federal Reserve.

And that's just off the top of my head...

The Federal Reserve would've been created anyway I'm sure, but perhaps later then? Although no Federal Reserve is a massive change to the development of the USA's economy and the use of the Dollar.
 
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