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Herbert Hoover Wins
Herbert Hoover won the election of 1928 with 444 electoral votes. Hoover would lead our country through the Great Depression. -
Stock Market Begins to Crash
The Stock Market began to show signs of crashing. It only took about five days to crash. -
Black Tuesday
A record breaking 16 million shares were traded in the stock market. Share prices dropped in the stock market. -
Hoover Taxes
Herbert Hoover signed the Smoot-Hawley Tariff Act. This act raised taxes on nearly 1000 imported items. This act was supposed to help the farmers, but ended up hurting them more than it benefited them. -
Dust Bowl
The Dust Bowl began in 1931 and wasn't over until 1936. Long droughts and strong winds created huge storms of dust, killing most of the living organisms in its path -
Hoover Taxes Again
Herbert Hoover signed another act called the Revenue Act of 1932. This act Increased the top income tax rate to 63%. Hoover thought this act would help, but it ended up worsening the depression. -
Franklin D. Roosevelt Elected
Franklin D. Roosevelt was elected in 1932. He would help to lead the U.S. out of the great depression. He had to fix what Hoover had gotten the U.S. into. -
The New Deal
Franklin D. Roosevelt starts the New Deal. This dealt with the banking crisis and created the Emergency Banking Act. -
Growth
The U.S. economy grew over 10% in response to Roosevelt's New Deal. Unemployment also started to fall across the U.S.. -
Black Sunday
The worst dust storm to date happened on April 15th, 1934. This storm was later called Black Sunday. -
Roosevelt Reelected
Roosevelt began to serve his 2nd term as the president. He launched his 3rd New Deal, helping the economy greatly. -
WW2
America was involved in WW2, which helped the U.S. get out of the Great Depression. The war created many jobs and restored the economy.
