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The stock market crashing at its peak because of the roaring 20's was the true start of the deppresion.
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Hoover signed the Smoot Hawley Tariff Act which raised taxes on 900 imports causing the drought of 23 states from the MIssissippie river to the mid Atlantic Region.
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Food Riots began to break out in Minneapolis the economy shrank 6.4% and the unemployment rate rose 15.9% because of the drought.
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The congress created the Reconstruction Finance Corporation to lend money to prevent further failures and give some to states to provide relief.
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Roosevelt launched the New Deal with the Emergency Banking Act to close all U.S. Banks to stop devistating failures.
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The Gold Reverse Act prohibits private ownership of gold and doubled its price and the worst dust storm ever hit the country.
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The Supreme Court declared the National Industrial Recovery Act unconstitutional the FDR launched more programs focused on the poor, the unemployed, and farmers.
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The hottest summer on record began and eight states experienced temperatures at 110 degrees and four other states broke 120 degrees.
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He launched a third New Deal The Wagner-Steagall Act funded state-run public housing project.
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FDR abolished Mark to Marketing Accounting which forced many banks out of business it forced banks to write down there real estates as valuse fell.
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The drought returned and Louisiana experienced record temperatures and The Federal Security Agency was launched to administer Social Security, federal education funding, and food and drug safety.
