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stock market crash 1929
-it was a result of imbalances and structual failings
-in 1920s a rapid growth in bank credit and loans in the U.S
-people who borrow money were exposed and rush to sell shares and try to redeem their debts -
Period: to
gold reserve act 1934
-united states had a bi-metalic system of money
-silver was also traded
-gold standard came to an end in 1933 when roosevelt issued an executive order outlawing the ownership of gold besides jewelry
-Roosevelt wanted people to rely on flat money [paper money] -
Period: to
Franklin D. Roosevelt (1933-1937)
-he defeated herbort hoovor in the 1932 presidential election
-major issues were the cultural issued when had before dominated previous elections.the depression was a major concern during this election
-he took office during the great depression (1929-1939)
the only thing we have to fear is fear hself. his meaning for this only quote was that the fear they had was making this worse