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Cancelled Governement Contract
USA government cancelled billions of dollars that manufactured armory for the war. -
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The Roaring 20s
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Stock Market Crash
Investors sell off sales and shares, a record of 12.9 million shares were traded and on this day is now known as Black Thursday. Five days later on Black Tuesday, 16 million more shares were traded. -
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The Great Depression
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Franklin D. Roosevelt
In 1932 Roosevelt won against Hoover in the election. -
American Unemployment
By 1933, about 15 million were unemployed and half the country's banks had failed. -
Social Security
In 1935 congress passed the Social Security Act, which for the first time provided Americans with unemployment, disability and pensions for old age.