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Stock Market Crash
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Period: to
The Great Depression
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Supreme Court
Supreme Court rules that the monopoly U.S. Steel does not violate anti-trust laws as long as competition exists, no matter how negligible -
GNP
The GNP falls another 8.5 percent; unemployment rises to 15.9 percent. -
NLRB
Congress authorizes creation of the Works Progress Administration, the National Labor Relations Board and the Rural Electrification Administration -
President
Roosevelt seeks to enlarge and therefore liberalize the Supreme Court. This attempt not only fails, but outrages the public. -
The End
The United States will begin emerging from the Depression as it borrows and spends $1 billion to build its armed forces. From 1939 to 1941, when the Japanese attack Pearl Harbor, U.S. manufacturing will have shot up a phenomenal 50 percent!