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The Stock Market Crashed (Known as Black Tuesday)
The most devistating crash in the history of the United States. -
First Bank Panic
Caused a lot of bankruptsies. -
Smoot-Hawley Tariff
steeply raising import duties in an attempt to protect American manufactures from foreign competition -
2nd bank panic
Another bank panic occurs, meanwhile,no new major legislation is passed concerning the great depression. -
Reconstruction Finance Corporation
aimed to loan money to banks and rail roads to keep them from going bankrupt, unfortunately, this had little effect on the great depression as a whole -
New Deal
President Roosevelt begins to implement the new deal, this began to help the economy, it implemented things like minimum wage and maximum work week, and child labor laws, and unemployment compensation -
Unemployement lowers to 25 percent
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Agricultural adjustment act
The agricultural adjustment act established a minimum wage and maximum work week -
Roosevelt Reelected
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World War II Begins
Rocks the economy again
