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A time of extravagance and prosperity
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He took over after Harding died in office from pneumonia and then was reelected
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"Representatives from Nicaragua, Guatemala, and El Salvador sign the Pact of Anapala with the United States, agreeing to cut off aid to the insurgent forces in neighboring Honduras threatening to overthrow President Rafael Gutierrez."
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"The Dawes Plan is signed by the United States, France, Great Britain, Italy, and Belgium to solve the German reparations problem and to end the occupation of the Ruhr by French and Belgium troops."
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"Nicola Sacco and Bartolomeo Vanzetti are executed in Massachusetts for their alleged 1920 murder of a factory guard, despite protests that the two men had been unfairly prosecuted for their radical beliefs." This led to beliefs that America was not open to immigrants
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"On “Black Thursday,” the New York Stock Exchange (NYSE) experiences a collapse in stock prices as 13 million shares are sold." -
"On “Black Tuesday,” a record 16.4 million shares of stock are traded on the NYSE as large blocks of equities are sold at extremely low prices. The trading continues the sharp downward trend of the previous week. It is an abrupt change from the over-speculation of the previous months. By December 1, NYSE stocks will have lost $26 billion in value."
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This raised prices on imports. "Rather than solve the economic crash, the act causes other countries to follow America's lead by raising their tariffs. Such “economic nationalism” exacerbates both the international depression and nationalist tensions."
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"Over Hoover's veto, Congress passes the Bonus Loan Bill. The act allows veterans to obtain cash loans of up to 50 percent of their bonus certificates issued in 1924."
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"Nine black youths are arrested in Scottsboro, Alabama, and charged with raping a white woman. Although the group is initially found guilty on the basis of questionable evidence, the Supreme Court will overturn the conviction of the “Scottsboro Boys” in 1935." -
Hoover does not pay the army the bonus and a riot occurs. The militia is called in to break it up -
He did not quite complete his fourth term as he died in office
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"Roosevelt declares a four-day “bank holiday” in order to stop the panic “run” on the nation's banks. He also summons Congress to a special session on March 9."
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FERA "provides immediate grants to states for relief project, unlike Hoover's earlier proposals, which only provided loans." The AAA "restricts the production of certain crops and pays farmers not to till their land."
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A severe ström that causes the topsoil to blow all over the place
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" The bill authorizes nearly $5 billion to establish federal programs in line with FDR's goals. The first of these, the Resettlement Administration (RA), will be created less than a month later and will help rural, and some urban, families relocate to more productive regions of the country."
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"Congress establishes the Soil Conservation Service within the Department of Agriculture to promote better use of farmlands and to prevent a recurrence of the “Dust Bowl” of the previous spring."
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Germany invades Poland
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Britain wins the first major sea battle of WWII -
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Britain fights against Germany
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