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New York City begins building the Empire State Building, creating jobs for +3,400 workers
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When this act was signed into law, it raised tariffs on both imports and exports. This encouraged "buying American", which would improve the money circulating, and help the economy.
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President Hoover asks Congress to pass $150 million in public works projects to increase employment and economic activity.
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The nation's unemployment rate reaches 25%, as the Great Depression continues.
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Nevada legalizes gambling in an attempt to encourage spending.
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Inbetween September and October, over 800 banks close their doors.
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At its peak of the Great Depression, the U.S. saw as many as 10,000 banks fail and +12 millin people unemployed.
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The Reconstruction Finance Co. is established to stimulate both banking and businesses.
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Franklin Delano Roosevelt is elected into office for his first term.
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President Roosevelt declares a four-day bank holiday, works with Congress to pass the Emergency Banking Act, establishes the FDIC to protect depositors, and passes the Glass-Steagull Act which restricted the risks banks could take.
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The first 100 days of President Roosevelt's "New Deal" begin, ushering in a fight against the Depression.
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The Civilian Conservation Corps provides 2.5 million jobs all across the nation.
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President FDR requests, from Congress, $10.5 billion for recovery and "New Deal" efforts.
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Congress passes the Gold Reserve Act to regulate the value of the U.S. dollar
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Export Import Bank of Washington is established to encourage foreign trade and stimulate the economy.
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President Roosevelt signs the Home Owners Loan Act, which is designed to stimulate home building.
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President Roosevelt establishes the U.S. Securities and the Exchange commision to further protect the economy of the United States.
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Congress passes the Banking Act, which gave the Federal Reserve authority to use a monetary policy to attempt to stabilize the economy.
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President Roosevelt signs the Social Security Bill hoping to recieve tax and wage contributions from citizens. It made payouts to retirees, and made workers contribute at 2% of the first $3,000, half by employee, half by employer.
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This act required businesses to regulate sale prices of goods and services, regardless of who is the buyer.
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President Franklin Roosevelt wins the election, beginning his second term in office.
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In this case, the jury decided that limits on agriculture to avoid paying taxes as a use of government spending was unconstitutional.
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The Neutrality Act passes, detering the U.S. from involvment with Europe and WWII, supporting U.S. isolationism.
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Golden Gate Bridge is under construction, which provided employment and encourage interstate travel and spending.
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Japan attacks and sinks a U.S. Gunboat, which lead to higher factory production. This was done to support a possible war effort.
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This act, when passed, would protect American consumers from false and deceptive advertisements.
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Under this act, the national minimum wage was established at $.25 hourly, with x+1/2 for overtime payment. Beyond that, it limited employees to a maximum 44 hour, 7 day work week. Finally, it prohibited the employment of minors.
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President Franklin Roosevelt makes a new request of Congress, asking for a large spike in the defense budget.
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GErmany invades Poland, signalling the start of World War II.