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The American economy unexpectedly fell
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Production declined sharply, as did profits and employment
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President Roosevelt is elected and he starts the ¨New Deal¨ plan
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stock market crashed
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Emergency Banking Act passes
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President Hoover had hoped the depression was almost over. But it got worse
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The U.S enters WWII and the Great Depression end
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All the main economic indicators had regained the levels of the late 1920s, except for unemployment, which remained high
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Great depression ended. the worst economic downturn in the history of the industrialized world