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Herbert Hoover becomes the President.
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Herbert Hoover becomes President.
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Period: to
Great Depression
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Period: to
The Great Depression
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Backlog of business inventories grows three times larger than the year before.
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business inventories grow three times bigger than the year before.
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The stock market crash begins on the 24th of October. Investors call October 29 Black Tuesday.
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The unemployment rate climbs from 3.2 to 8.7 percent.
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No legislation is given addressing the Depression.
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These are the worst years of the Great Depression. GNP falls a record 13.4 percent and unemployment rises to 23.6 percent.
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Over 13 million Americans have lost their jobs since 1929.
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International trade has fallen to one third of what it used to be
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Sweden is the first country to recover from the Great Depression.
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The Supreme Court declares the National Recovery Administration to be unconstitutional.
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Economic recovery continues. GNP grows another 8.1 percent and unemployment falls to 20.1 percent.
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The United States starts emerging from the Depression as it spends $1 billion to build its armed forces.
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The Depression ends worldwide as nations have to prepare for the coming hostilities.
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WW2 Starts and Hitler starts invading Poland