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great depression
stock market sees its catastrophic crash sending wall street into a panick -
unemployment rises
the gnp falls another 8.5 percent. unemployment rises to 15.9 percent. -
GNP falls even more.
This and the next year are the worst years of the Great Depression. For 1932, GNP falls a record 13.4 percent; unemployment rises to 23.6 percent. -
roosevlt takes action
Roosevelt inaugurated; begins 'First 100 Days'; of intensive legislative activity. Third banking panic occurs in March. Roosevelt declares a Bank Holiday; closes financial institutions to stop a run on banks. -
the long recovery
The economy turns around: GNP rises 7.7 percent, and unemployment falls to 21.7 percent. A long road to recovery begins. -
lengthy recovery
Economic recovery continues: the GNP grows another 8.1 percent, and unemployment falls to 20.1 percent. -
taxes raised
top tax rate raised to 79 percent. Economic recovery continues: GNP grows a record 14.1 percent; unemployment falls to 16.9 percent. -
roosevelts plan
Roosevelt seeks to enlarge and therefore liberalize the Supreme Court. This attempt not only fails, but upsets the public. -
getting a bit better
The year-long recession makes itself felt: the GNP falls 4.5 percent, and unemployment rises to 19.0 percent. -
economic recovery
The United States will begin emerging from the Depression as it borrows and spends $1 billion to build its armed forces. From 1939 to 1941, when the Japanese attack Pearl Harbor, U.S. manufacturing will have shot up 50 percent. -
hitlers invasion
hitler starts world war two when he invades poland. -
roosevelt as leader
theodore roosevelt is elected for his third term as presidnt of the united states.