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The wall street crash
The wall street crash followed a bull market marked by a 5 year rise of the DJIA. The federal reserve attempted to curtail investor by raising the rediscount rate to 6% -
1930
By 1930, more than 3.2 million people were unemployed, up from 1.5 million before the stock market crash of October 1929. -
smoot-Hawley Tariff Act
The Smoot-Hawley Act was created to protect U.S. farmers and other industries from foreign competitors. The Smoot-Hawley Act increased tariffs on foreign imports to the U.S. by about 20%. -
The dust bowl
a series of droughts combined with non-sustainable agricultural practices led to dust storms, famine, diseases and deaths related to breathing dust. This caused the largest migration in American history. -
the bonus army
he Senate defeated the Bonus Army bill, sparking a weeks-long protest in the capital. Eventually, troops were sent to disperse the “Bonus Army.” By 1933 nearly 13 million Americans were out of work. -
Recovery act
The National Industrial Recovery Act of 1933 was a US labor law and consumer law passed by the 73rd US Congress to authorize the president to regulate industry for fair wages and prices that would stimulate economic recovery. It also established a national public works program known as the Public Works Administration. -
Roosevelt elected president
With the Great Depression casting a shadow over the 1932 election, Democrat Franklin D. Roosevelt was elected president over incumbent Republican Herbert Hoover. -
21st amendment
the Twenty-first Amendment to the Constitution, repealing the Eighteenth Amendment. Prohibition hadn't turned out as its advocates expected. Instead of creating a dry America -
hoover dam constructed
The construction created work for thousands of people who came from all over the country. The federal government created an entire town, Boulder City, so the workers and their families had a place to stay. -
social security act
In 1935, President Roosevelt signed the Social Security Act, which established benefits for the elderly, the blind, the handicapped, dependent women and children, and the unemployed. -
good neighbor speech
maintaining peace in the face of increasing hostilities in Europe. Even though the country was still in the midst of the Great Depression, the President declared the US not strictly isolationist, but governed by a “good neighbor” policy -
court packing
accused the Supreme Court of stalling the legislation to continue the recovery of a nation “ill-clad, ill-nourished, and ill-housed.” Roosevelt proposed to add up to six new justices and set an age limit for service. -
the start of world war 2
Germany invaded Poland in 1939, setting off the Second World War. As a result, FDR signed the Neutrality Act of 1939, which ended the arms embargo and authorized “cash-and-carry” -
lend lease act
Lend-Lease aimed to make the United States into what Roosevelt called “the great arsenal of democracy.”