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Presidential Election
Herbet Hoover won the elction!! He was the republican niminee and he beat out Alfred E. Smith. He tackeled issues on the anti-catholic movements. -
Gross National Product
The GNP falls 9.4 percent from the year before. The unemployment rate climbs from 3.2 to 8.7 percent. The Smoot-Hawley Tariff passes on June 17. With imports forming only 6 percent of the GNP, the 40 percent tariffs work out to an effective tax of only 2.4 percent per citizen. Even this is compensated for by the fact that American businesses are no longer investing in Europe, but keeping their money stateside. The consensus of modern economists is that the tariff made only a minor contribution t -
Gross National Product
This and the next year are the worst years of the Great Depression. For 1932, GNP falls a record 13.4 percent; unemployment rises to 23.6 percent. GNP has also fallen 31 percent since 1929. Top tax rate is raised from 25 to 63 percent. -
Facts
Over 13 million Americans have lost their jobs since 1929.
Since the money problem, everyone is feelng the pressure, of feeding families, feeding animals, and so much more. Also tax rates are increasing making it even more diffecult. -
Presidential Election
Franklin D. Roosevelt Elected. This man beat out the old boring Herbert Hoover. This man happened to win the Democratic nominee. He won 472 to 59 in the electoral votes. -
Gross National Product
The economy turns around: GNP rises 7.7 percent, and unemployment falls to 21.7 percent. A long road to recovery begins.
Sweden becomes the first nation to recover fully from the Great Depression. It has followed a policy of Keynesian deficit spending. -
Gross National Product
Economic recovery continues: GNP grows a record 14.1 percent; unemployment falls to 16.9 percent. Top tax rate raised to 79 percent. -
Facts
Top tax rate raised to 79 percent. Tax continuing to increase is making it harder on families. Also many people are losing their jobs. which isnt helping the whole deppresion thing. -
Presidential Election
Franklin D. Roosevelt Reelected. This time he crushed Alfred M. “Alf” Landon (The Republican Nominee). He won 523 out of 531 of the electoral votes, he only lost Maine and Vermont. -
Facts World war II has begun
World War II starts with Hitler's invasion of Poland. Hitler started taking over, not until 1941 does America really get involved. 1941 is when Pearl Harbor was attacked. -
Facts
The Depression is ending worldwide as nations prepare for the coming hostilities. coming up World War II is coming too, so we go straight from the Great Depression, to WWII. -
Presidential Election
Franklin D. Roosevelt was reelected a third time.This time he won449 to 82 against the crazy Wendell L. Willkie. FDR was the champ of the world
