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Black Friday was about the start of the stock market crash by 11%. Later on "Black Monday" the stock prices fell by 13%.
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Fourteen dust storms are reported this year.
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Stabilized the banking industry and the peoples faith in it with the federal government working behind it.
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$200 Millions were put towards refinancing mortgages to help farmers. It established a local bank to set up local credit associations.
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The First soil erosion control camp was put up in Clayton County, Alabama. By September there were 161 camps.
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Great dust storms spread from the Dust Bowl area. The drought is the worst ever in U.S. history, covering more than 75 percent of the country and affecting 27 states severely.
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Roosevelt signs the Taylor Grazing Act, which allows him to take up to 140 million acres of federally-owned land out of the public domain and establish grazing districts that will be carefully monitored. The Frazier-Lemke Farm Bankruptcy Act restricts the ability of banks to dispossess farmers in times of distress.
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$525 million was put out for drought relief. This then employed 8.5 million people
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This year, President Roosevelt had the difficult task of having to manage the debt, but also try to keep the economy out of the depression. In an attempt to relieve the country’s debt, he cut back spending on the New Deal programs, which ultimately pushed the economy back into the depression.
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Rain comes and the drought ends.
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The US enters WWII after the Japanese attack on Pearl Harbour. This allows the USA to get out of the Great Depression.