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Hoover becomes president
Herbert Hoover is elected president -
Stock Market Crash
The stock market crashes , this was the beginning of the Great Depression -
Dust Bowl
The dust bowl drought hits 23 states, and was one of the worst droughts in history -
Unemployment at 16%
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Banks Collapse
A lot of major banks collapse and shut down , deposits are taken out -
Hoover dam started
The hoover dam begins construction, opening jobs for unemployed. -
Roosevelt is elected
Franklin Roosevelt is elected, beating Hoover in election. -
Unemployment is 25%
The unemployment rate averages at 25% for the year. -
Beer-wine Revenue Act
This act ended prohibition and taxed alcohol to raise revenue. -
Gold Reserve Act
Prohibited private gold ownership and changed gold prices -
Social Security Act
Provided income for the elderly, blind, disabled, and children of poor households. -
Hoover dam dedicated to roosevelt
The hoover dam was dedicated to president Franklin Roosevelt
