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when panicked investors sent the Dow Jones Industrial Average plunging 11 percent at the open in very heavy volume.
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The Smoot-Hawley Tariff Act is passed. Many economists say this act contributed to the Great Depression.
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The empire state building was completed on April 11,1931 it took one year and 45 days to compete.
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Franklin D. Roosevelt elected as new U.S. president
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The Emergency Banking Act becomes law.
Signed into law by President Franklin D. Roosevelt (D) on March 9, 1933 -
The SEC was established in order to regulate the stock market.
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The Social Security Act is signed into law.
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Unemployment Falls to 16.9 percent.36 Olympics caused Hitler humiliation when his Aryan Supermen were dominated by the great Jesse Owens.
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Franklin D. Roosevelt is inaugurated to his second term as president.
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Unemployment jumped from 14.3% in May 1937 to 19.0% in June 1938. Manufacturing output fell by 37% from the 1937 peak and was back to 1934 levels.
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the depression came to a end in 1939
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World War II begins when Germany invades Poland. The depression ends over the next several years as the U.S. builds up its armed forces.