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The Great Depression went started in 1929 when the stock market crashed.
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New Yorks Bank of the United States collapses in the largest bank failure to date in American history. $200 million in deposits disappear ,and the banks customers are left holding the bag.
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The first bank panic was a crisis that occured in the United States which led to a severe decline in the money supply.
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Houses pass congresssman Write Patman's 'bonus bill'' by a vote of 209 to 176 .
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Franklin Dekano Roosevelt is elected president in a landslide over Herbert Hoover ,Roosevelt receives 22.8 million polpular votes to hoovers 15.75 million.
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President Roosevelt ,under the Emergency Banking Act,orders the nation off the gold standard.
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Cingress passes the Glass -Steagall Act that seperates commercial from investment banking and sets up the Federal Deposit Insurance Corporation to guaratee bank deposits
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With an eye toward organizing farmers into soil conservatiin districts , the federal goverment establishes the Soil Erosion Service.
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A three-day storm blows an estimate 350 million tons of soil off the terrai of the West and Southwest and deposits it as far east as New York and Boston.
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Franklin Roosevelt is elected to an unprecedented third term as president, beating Wendell Willkie. FDR's victory is seen as proof of the nation's support of the war policies. Roosevelt lobbies Congress to pass the Lend-Lease Act, which will aid Britain in its struggle to fend off Germany.
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Father Charles E.Coughlin establishes the Unionn for Social Justice. Using the radio airwaves as his pulpit ,Father Coughlin railes agianst "predatory capitalism"
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FDR signs the Wagnor National Labor Relations Act.
