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http://www.youtube.com/watch?v=VpKmfjf5tUkThe stock market crashes, marking the end of six years of unparralleled prosperity for most sectors of the American Economy
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http://www.youtube.com/watch?v=qDEq6KZ_2NE</a><a >http://www.youtube.com/watch?v=VpKmfjf5tUk</a><a >http://www.youtube.com/watch?v=GCQfMWAikyU</a>
citation/resources: "Great Depression Timeline|Timeline of The Great Depression| Timelines|Causes."
thegreatdepressioncauses.cvom. N.p., n.d. Web. 16 Mar. 2014.
http://www.thegreatdepressioncauses.com/timelines.html. -
President Hoover says "Any lack of confidence in the economic future or the basic strength of business in the United States is foolish"
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http://www.youtube.com/watch?v=GCQfMWAikyUmore than 3.2 million people are unemployed
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The street corners of New York City are crowded with apple sellers. Nearly 6,000 unemployed individuals work at selling apples for 5 cents a piece.
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New York's bank of the United States collapses. At the time of the collapse, the bank had over $200 million in deposits, making it the largest single bank failure in the nation's history.
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More than 300 World War veterans leave Portland, Orgeon to urge congress to pass the Bonus Bill. It will take them 18 days to trach Washington, D.C.
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President Hoover signs a $100,000 transportation bill to assist "BONUS ARMY" demonstrators in getting home,
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Franklin Delano Roosevelt is elected president is in a landslide over Herbert Hoover. Roosevelt recieves 22.8 million votes to Hoover's 15.75 million.
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stocks reached their lowest point.
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Congress passes the Emergency Bank Act of 1933 by months end, three- quarters of the nations's closed banks will be back in business.
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Congress passes the Glass-Steagall Act that separates commercial from investment banking and sets up the Federal Deposit Insurance corporation to guarentee bank deposits;
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In an effort to stabilize prices, the Federal Agricultural Program orders the slaughter of more than 6 million pigs. Many citizens protest this action since most of the meat went to waste.
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http://youtu.be/hbEVeKIghCkThe work Products Administration was estabished to employ up to 8.5 million people on pubic works across the country.
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The Social Security Act was signed into law, financed through payroll taxes.
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FDR was elected to a second term as president.
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FDR asked Congress for an additional $3.75 billion to stimulate the still floundering economy.
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United Automobile workers strike at the General Motors Plan in Flint, Michigan. The strike turns violent when strikers clash with company-hired police.
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http://www.youtube.com/watch?v=moMzrG23zgYFranklin Roosevelt is elected to an unprecedented third term as president.
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A little over a year following Japan's December 1941 bombing of Pearl Harbor, the U.S. will enter the war in the Pacific and in Europe.
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Preparations for World War II stimulated the American Economy and effectively brought an end to The Great Depression.
