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The Wall Street Crash or the Great Crash was a major American stock market crash that occurred and sparked the great depression. -
8.7% – the economy would shrink by 8.5% and prices fell by 6.4%, firmly allowing inflation to sink in. -
One of the biggest banks, The bank of the United States, fails causing the biggest failure in a bank at the time.
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People began to struggle for food which caused a riot among everyone. -
President Roosevelt was elected -
The biggest dust bowl hit the US causing president Roosevelt introduces the Soil Conservation Act. -
The construction of the damn was the result of a massive effort involving thousands of workers, and cost over 100 lives. -
President Roosevelt had to cut and manage debt so he cut back on spending on the new deal programs.
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The economy started to grow again this year, eventually bringing the country out of the Great Depression. However, unemployment rates were still extremely high.
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When the United States enters the war following the Japanese attack on Pearl Harbour, the country is finally able to get out of the Great Depression by mobilizing for war.