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The Great Depression begins
In August of 1929 the stock market crashed. -
The Banks Failed
After the stock market crashed 744 banks closed. -
People start losing jobs
Unemployment rises to 23.6 percent. -
FDR is elected president
FDR is elected president. -
More laws are passed
The Corporate Bankruptcy Act is put in place. -
The Social Security Act is put in place.
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Unemployment falls to 16.9 percent
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FDR is inaugurated for his second term
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The Supreme Court rules the Social Security Act Constitutional
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Unemployment rises to 19 percent
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Germany invades Poland starting WWII
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The end of the Great Depression