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Herbert Clark Hoover was elected as president
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Black Tuesday also referred to as the start of the Great Depression. Sellers traded over 16 million shares
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Hoover signed the Smoot-Hawley Tariff Act, which raised the price of taxes on nearly 900 imports
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Unemployment rate rose to 15.9%.Prices fell another 9.3% and people began to suffer the worst effects of the Great Depression
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Hoover signed the Revenue Act of 1932. This raised taxes and worsened the Depression.
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Franklin Roosevelt launched the New Deal with the emergency Banking Act. This helped stop devastating failures.
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The Gold Reserve Act prohibited private ownership of gold and doubled its price.
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Black Sunday was the worst dust storm.FDR passed the Soil Conversation Act to teach farmers sustainable methods.
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Throughout the year, the heat wave killed 1,693 people. 3,500 people drowned while trying to cool off.
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The economy started contracting again, as the Depression resumed
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The economy started to grow again. The Great Depression was over.
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Hitler invaded Poland, starting World War II.