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Period: to
The Great Depression
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Farmers Share of Income Plummets
Farmers share of the national income drops to only 9 percent. -
Stock Market Skyrockets
The stock market begins a spectacular rise, however, bears little resemblance to the rest of the economy, meanwhile, americas middle class shrinks as the lower class grows. -
First Bank Panic
The first bank panic ensues causeing bankruptcies -
100,000 Banks Have Failed
100,000 banks have failed since 1929, crippling the economy. -
Hitler Comes to Power
Thanks to Germany's economic desperation, hitler was able to push his way to the top, and gain the people's love by turning the economy around. -
Roosevelt Reelected
Franklin D. Roosevelt is reelected for another term -
World War II Begins
When World War II hit, it pulled the vast majority of the world out of the Great Depression through all of the government spending on the war.