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Period: to
Great Depression
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Herbert Hoover is Elected President
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Recession Begins, Production Falls by 20%
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Stock Market Crashes
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Smoot-Hawley Tariff Act Passed, Extremely High Tax on Imports
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First Bank Fails
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F.D.R. Elected President
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Executive Order 6102 Passed
Required people who possessed gold to give it to the Federal Reserve in exchange for $20.97 per troy ounce.