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1929 Stock Market Crash
Begins the Great Depression as many lose invested money -
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Hawley Smoot Tarriff
Hawley Smoot Tarriff was put into affect to protect its citizens from foreign competition, and reduce imports and exports by 50% -
New York Bank of the United States Collapses
The New York Bank of the United States failed and had lost 200 million dollars in deposits. -
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Dustbowl Period
During this Time, the people who farmed in the Plains states had suffered due to their crops failing, caused by many dust storms and roughts. This period is known as the "Dustbowl". -
Unemployment Rate Reaches 25%
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Five Million Unemployed American Citizens are Working
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Social Security Act is Passed
The Social Security Act is passed, which mostly benefits retired people. -
Aid to Families with Dependent Children Put into Effect
The Aid to Families with Dependent Children essentially assissted children in families with little or no income. -
CIO help United Auto Workers stage a strike
This is an example of how poor labor conditions and wages were. The Congress of Industrial Organizations assisted the United Auto Workers of GM stage a strike, due to low and unfair wages. -
Increased Need for World War II Soldiers Helps End the Depression
The need for defense in World War II helps to end America's depression,
