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Hoover Election
Herbert Hoover becomes the 31st President of the United States. -
Beginning of the Depression
Known as "Black Tuesday", the stock market not only hit its peak just days ago, it plunged to its lowest point. -
Banks Begin to Fail, New Act Passed
-The Smoot Hawley Tariff Act is passed. Many people say this act contributed to the Great Depression.
- Previous events cause present banks to plummet. -
The Depression Worsens
- Food riots are now breaking out in the USA
- The Empire State Building is completed
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Unemployment
- Unemployment Rises to 23.6 percent and over 10,000 banks have failed since 1929.
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Franklin D. Roosevelt Election
- Franklin D. Roosevelt is elected president.
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Black Sunday
A huge dust storm envelops much of the Midwest. The people Call it,"Black Sunday". -
Social Security Act
-The Social Security Act is signed into law. -
Unemployment Falls to 16.9 percent.
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FD1R's Second Term
- FDR is elected for his second term as the president of the United States.
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Unemployment Rises to 19 percent.
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World War II and the End of the Great Depression
- World War II begins when Germany invades Poland. The depression ends and the U.S. builds up its armed forces.
