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The Great Depression was a severe worldwide economic depression, beginning in the United States.
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His economic policies did little to stop the Depression. He believed a free-market economy would allow the forces of capitalism to fix any economic downturn. As a result, he lowered the top income tax rate from 25% to 24%.
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The stock market crash of 1929 was a four-day collapse of stock prices that began on October 24, 1929. 1 It was the worst decline in U.S. history.
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The bank had more than $200 million in deposits at the time, making it the largest single bank failure in American history.
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The Depression caused major political changes in America. Three years into the depression, President Herbert Hoover, widely shamed for not doing enough to combat the crisis, lost the election of 1932 to Franklin Delano Roosevelt by an embarrassingly wide margin.
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In 1932, World war One veteran march on Washington demanding pension.
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The Beer-Wine Revenue Act ended Prohibition and taxed alcohol sales to
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The Emergency Relief Appropriation created the Works Progress Administration to hire 8.5 million people.
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The economy started to grow again. The Great Depression was over.
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The economy started to grow again. The Great Depression was over.
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On June 22nd, 1938, Joe Louis and Max Schmeling met for the second time in the boxing ring. Schmeling had won the first fight. Louis won the second fight.
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World War II also known as the Second World War, was a global war that lasted from 1939 to 1945. The vast majority of the world's countries—including all the great powers—eventually formed two opposing military alliances: the Allies and the Axis.
