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The crash sent Wall Street into a panic and wiped out millions of investors. This caused unemployment to increase and for the majority of banks to fail.
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16 million shares were traded after another wave of panic swept Wall Street. Investors were wiped out completely.
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By 1930, 4 million Americans were looking for work but couldn't find any. They were left unemployed and terrified.
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Severe droughts in the Southern Plains brought high winds and dust from Texas to Nebraska killing people, livestock and crops. The Dust Bowl led to a migration of people from farmland to cities in search of work.
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Thousands of banks had closed their doors all over the U.S. The Hoover administration tried to assist banks with government loans.
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Democrat Franklin D. Roosevelt won an overwhelming victory in the presidential election.
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Roosevelt took immediate action to address the country’s economic woes, first announcing a four-day “bank holiday” during which all banks would close so that Congress could pass reform legislation and reopen those banks determined to be sound.
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The New Deal was a series of programs and projects instituted during the Great Depression by President Franklin D. Roosevelt that aimed to restore prosperity to Americans.
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Hoover Dam is a concrete arch-gravity dam in the Black Canyon of the Colorado River, on the border between the U.S. states of Nevada and Arizona. It was constructed between 1931 and 1936 during the Great Depression and was dedicated on September 30, 1935, by President Franklin D. Roosevelt.
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A sharp recession hit, caused in part by the Federal Reserve’s decision to increase its requirements for money in reserve.
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Joe Louis vs. Max Schmeling refers to two separate fights between the two which are among boxing's most talked about bouts. Schmeling (Germany) won the first match by a knockout in round twelve, but in the second match, Louis (America) won through a knockout in the first round.
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World War II, also known as the Second World War, was a global war that lasted from 1939 to 1945. The vast majority of the world's countries—including all the great powers—eventually formed two opposing military alliances: the Allies and the Axis.
