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Major Bank Collapse
New York's United States Bank collapses, losing $200 million dollars. -
Roosevelt Elected
FDR is elected into presidency, defeating republician Herbert Hoover. -
Unemployment
Unemployment averages 24.9% for the year. -
Radio Priest
Charles Coughlin announces a weekly Radio broadcast, over 30 million listeners. -
Congress passes laws
Congress pass the Emergency Banking Bill, the Glass-Steagall Act of 1933, the Farm Credit Act, the National Industrial Recovery Act and the Truth-in-Securities Act. -
Recovery Road
GNP rises 7.7 %. Unemployment falls to 21.7 % -
National Recovery Administration
Supreme Court declares the National Recovery Administration to be unconstitutional. -
Acts Passed
Congress pass Banking Act of 1935, National Labor Relations Act, and the Social Security Act. -
Tax Rate
Tax rate raised 79 %. -
New Deal
New Deal legislation is passed because of Roosevelt's weakened political power. -
Pearl Harbor gets bombed
The Japanese bombed did a "sneak attack" on Pearl Harbor, Hawaii. Later U.S declares war on Japan, dragging us into WWII