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Republican candidate Herbert Hoover wins the election
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The fall of stock prices is seen as the beginning of the depression
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Stock market crashes, US loses 30 billion in 2 days
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Financial crisis that led to severe decline in money supply during the depression
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Law that implemented protectionist trade policies in the US
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New York's bank of the Unites States collapses. Largest bank failure to date, 200 million in deposits disappear.
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Democrat Franklin Roosevelt elected as president.
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Emergency banking act becomes a law
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The SEC is created to regulate the stock market
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Huge dust storm occurs in Midwest
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Roosevelt is inaugurated to his second term as president
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Germany invades Poland, beginning of war
