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Credit became a factor in the money business because so many people never payed back to their Creditor's. Greed took over people's minds.
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In 1929, more money was spent on advertising than education.
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Hoover is the 31st President of the U.S. A lot of people in the U.S. blamed him for the Crash.
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Poverty Spreads and Dust bowl's hit the great plains. Multiple people was unemployed and homeless. Crop prices falls and loans for land create debt to farmers.
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Unemployment in the U.S. went from $4 million (1930) to $12 million (1932)
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In the last 60 days of 1930, over 600 banks closed nationwide.
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Since Dust Bowls were like storms but with dangerous dust particles and it was really dark and cloudy at that, 250,000 people fled the Dust Bowl; though 2/3 of people followed through with storm.
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The Dam was the largest water reservoir in the U.S. Also the Dam provided 42,000 men employment. An effect it had was it allows California to produce more food than any other state in the U.S.
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In 1933, FDR became the 32nd President of the U.S. and in 1932 He promised the "New Deal," for the American People.
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In 1935, Social Security and The Wagner Act: Which allows collective bargaining.
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In 1936, U.S. Farmers were losing $25 million per day.
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They say that going into WW2 would end this problem in the U.S.
