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Unemployment averages 3.2% for the year
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With a boom in the 1920's for America people were thriving and thus creating the middle class. Then on October 29 the stock market crashed creating total caos.
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Unemployment averages 8.9% for the year.
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Congress passed the Smoot Hawley Tariff which steeply raised import duties in an attempt to protect American manufactures from foreign competition.
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Construstion was completed on the Empire State Building in NYC and opens for busniess.
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Unemployment averages 16.3% for the year.
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Democrat Franklin D. Roosevelt defeated Republican Presidebt Herbert Hoover in a landslide to win the presidency.
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Unemployment averages 24.9% for the year.
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Dr. Francis Townsend sended a letter to the LOng Beach Press-Telegram proposing state-funded pensions for the elderly to boost consumption and employment. Trying to better America.
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Huey Long founded the Share Our Wealth society, advocating outright seizure of the "excess fortunes" of the rich to redistribute to the poor.
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Unemployment averages 21.7% for the year.
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More than 5000 Townsend Clubs nationwide together represent maore than 2 million members. An estimated 25 million Americans have signed petitions asking their representatives to back the Townsend Plan in Washington.
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Unemployment averages 20.1% for the year.
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Unemployment averages 16.9% for the year.
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Roosevelt was elected toa second term as president, winning but a lot over Republican Alf Landon. Roosevlet wins every state but Maine and Vermont.
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Unemployment averages 14.3% for the year.
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The German-American Bund staged a huge rally of fascist sympatgizers supporting what they call "True Americanism" in Madison Square Garden. Anti-Semitic Hitler admirer and Bund leader Fritz Kuhn calls Franklin "Frank Rosenfeld", the New Deal "The Jew Deal.'
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The Japanese attack on Pearl Harbor draws United States into World War ll. Mobilization for war finally lifted the American economy permanently out of the Great Depression
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Roosevelt was reelected president of the United States for a record third time, handily defeating his Republican challanger, Thomas Dewey. Roosevelts progressive legislation improved America's economic climate.
