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40,000 Ku Klux Klansmen march on Washington, their white-hooded procession filling Pennsylvania Avenue.
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New York Yankees star Babe Ruth hits his 60th home run of the season, breaking his own record of 59. Ruth's record will stand for more than 30 years.
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Walt Disney's Steamboat Willie premieres, introducing the world to a new animated character: Mickey Mouse.
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Herbert became president and did little to stop Depression
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In the "Saint Valentine's Day Massacre," the single bloodiest incident in a decade-long turf war between rival Chicago mobsters fighting to control the lucrative bootlegging trade, members of Al Capone's gang murder six followers of rival Bugs Moran.
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Hoover created the Department of Veterans Affairs.
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The Bank of Tennessee failed
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It increased the top income tax rate to 63 percent. He wanted to reduce the federal deficit. Hoover believed it would also restore confidence. Instead, higher taxes worsened the Depression.
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The Gold Reserve Act prohibited private ownership of gold and doubled its price.
