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Stock Markets Crash
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Dust Bowl
Dust storms in the Great Plains inflicted heavy damage to crops. The terrain became unsuitable for farming, and many farmers could not pay debt back. Severe droughts also contributed to the loss of crops. -
New York's Bank of the United States Collapses
The crash of the New York Bank was critical. The bank had over $200 million dollars, and it was the single largest bank failure in United States history. -
American Unemployment
By May, 1932, about 12-15 million Americans lost their jobs. America lost about 25-30% of its workforce. -
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Franklin Roosevelt's Presidency
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Emergency Banking Act of 1933
Eventually puts 75% of the nation's closed banks back in business. -
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Civilian Conversation Corps
Employs 4 million people to build bridges, hospitals, schools, and airports. -
Federal Emergency Relief Administration
Roosevelt establishes the Federal Emergency Relief Administration, which gave 5 million dollars in grants to numerous organizations. -
National Industry Recovery Act
This act controlled the prices and wages of goods and workers. -
Soil Erosion Program
Roosevelt passes the Soil Erosion Program, which helped out farmers who suffered from the Dust Bowl. -
Federal Agricultural Program slaughters pigs
The Federal Agricultural Program gave orders to slaughter 6 million pigs. Citizens protested because many of the meat were thrown away. -
Works Progress Administration Created
Roosevelt creates the Works Progress Administration, employing 8.5 million Americans throughout the nation. -
Agricultural Adjustment Act of 1938
This Act made price support mandatory for corn, cotton, and wheat to help maintain a sufficient supply in low production periods along with marketing quotas to keep supply in line with market demand.