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stock market of 1929
On wht is called Black tuesday, october 29, 1929, the new york stock exchange crashed as stock prices fell drastically. this collaspe was followed by a severe banking crisis and the failure of many banks, busines failure as inventors lost money aand people bought less, and huge rates of unemployment as more and moere workers lost there jobd to a failing economy. the stock market crash is the event that marks the beginnning of the great depreesion -
Period: to
The GREAT Depression
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fdic 1933
Federal Deposit Insurance Corporation a new deal agency created to insure bank savings deposits. this government programs still exists today to protect consumers and savers. -
The New Deal
the new deal was the savior of jobs, the government had an idea to save the economic troubles of america. starting with the unemployment rate. it shot up ecponentially the new deal provied federal program in fulfilment of these labor jobs.such as farmer, mining,etc... -
Dust Bowl
A giant dust storm sweep throughout all of colorado over more than a hundred miles. the "Dust Bowl" got its name after black sunday. Winds clocked at 60 mph hitting farmlands and ruining cerop fields! -
Social Security Act
this piece of New Deal legislation provides retirement pension, unemployment insurance and payments to those disabled workers or the widows and children of male workers who have died. this was a key piece of legislation during the dEPRESSION THAT CONTINUES UNTIL the 21th century and has become a cornerstone of our national retirement system
