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Armistice Day - World War I Ends
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Period: to
Woodrow Wilson Presidency
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Period: to
Great Migration
Movement of African-Americans to northern cities for job opportunities -
Period: to
Warren Harding Presidency
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Period: to
Calvin Coolidge Presidency
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Period: to
McNary-Haugen Act
Attempt to set price controls on farm products, never passed, vetoed by Coolidge -
Automobile sales fall by 1/3 in 9 months
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Period: to
Farm Income Declines
Farm incomes decline by 60% and 1/3 of farmers lose their land -
Period: to
Herbert Hoover Presidency
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Price of Stocks increases over 40%
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Stock Market begins slide
Foreshadows Black Tuesday, investors and public begin to panic -
"Black Tuesday" Stock Market Crash
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Hoover asks business leaders for voluntary cooperation
Don't cut jobs, keep production. Doesn't work -
Period: to
Dust Bowl
Great Plains hit by massive drought, dust storms, lots of people move out of Plains (called "Okies") -
Period: to
Total Money Supply drops by 1/3
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European economies collapse
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Reconstruction Finance Corporation started
Attempt by the Hoover Administration. Intended to provide loans to railroads, businesses, and banks in financial trouble. -
Hoover proposes tax increase
Tries to avoid massive budget deficit -
1/2 of southern blacks unemployed
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Unemployment rises dramatically
Many cities experience unemployment at 50% or greater. Ohio especially hard hit -
WWI Vets demand bonus
Veterans promised a $1000, demand immediate payment, march on Washington, are put down by Army under command of Gen. D. MacArthur -
FDR elected
Promises a "New Deal" and to take action to relieve the problems caused by the Depression -
Period: to
Franklin D. Roosevelt Presidency
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Pearl Harbor Attacked
U.S. Enters World War II
