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Period: to
The Great Depression
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President Hoover Inaugurated as President
President Hoover is inaugurated as the 31st President of the United States. -
Stockmarket begins to crash
The stockmarket begins to decline. -
Black Tuesday
The stockmarket crashes and the Great Depression officially begins. -
GNP $104 bilion dollars, UR @ 3.3%
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GNP 1930 $91 billion, UR @ 8.7%
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The Star-Spangled Banner is adopted as the national anthem
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GNP $77 billion, UR @ 15.9%
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GNP $59 billion dollars, UR @ 23.6%
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Lame Duck Amendment/ 20th Amendment Ratified
Twentieth Amendment to the Constitution, sometimes called the “Lame Duck Amendment,” is ratified, moving the president's inauguration date from March 4 to Jan. 20 -
President Franklin D. Roosevelt Inaugurated
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GNP $56 billion, UR @ 24.9%
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GNP $66 billion, UR @ 21.7%
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Works Progress Administration
Works Progress Administration is established. -
Social Security Act
Social Security Act is passed. -
GNP $73 billion, UR @ 20.1%
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GNP $84 billion, UR @ 16.9%
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GNP $92 billion, UR @ 14.3%
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Fair Labor Standards Act passed
Setting the first minimum wage in the U.S. at 25 cents per hour. -
GNP $86 billion, UR @ 19.0%
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End of Great Depression, WWII on horizon
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GNP $92 billion, UR @ 17.2%
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GNP $101 billion, UR @ 14.6%
