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The stock market crashed when most of the investors pulled all of their money out of stocks. It affected everyone, people were hungry, unemployed, and houseless.
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The first bank panic ensues causeing bankruptcies.
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It was the largest bank collapse in history. Over 200 million in deposites disappeared. So it was a big run on the banks.
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The Corperation tried to loan money to banks and rail roads to keep them from going bankrupt, unfortunately, this did not help the Great Depression as a whole, and didnt help to turn the economy around.
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President Roosevelt won aginst Herbert Hoover in a semi close election.
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During Germany's economic desperation, Hitler was able to gain power, and gain the people's love by turning the economy around.
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Franklin D. Roosevelt is inaugurated into office as 32nd President of the United States.
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Franklin D. Roosevelt is elected to a second term as president, winning aginst Republican Alf Landon. Roosevelt wins every state but Maine and Vermont.
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The agricultural adjustment act established a minimum wage and maximum work week
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December 7, 1941 was the bombing of Pearl harbor. This caused America to enter the war, which then provided jobs in the military.This finally completely got rid of the depression for good.
