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Stock market rises very fast
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Construction boom is slowed.
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Farmers Revunue is slowed by the prices going down
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This is when people started taking notice of the great depression
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Stock Market loses 30 billion
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People Riot after going bankrupt due to loss of money
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100,000+ Banks fall since 1929, hurting the economy
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Unemployment rate averages out at 25%
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Franklin Roosevelt Tried to fix the unemployment rate decreasing it by almost 10% by 1937
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banned private ownership of gold and doubled its price
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One last term with Roosevelt
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After the first one in 1933 was ruled unconstitutional this one was put in place, giving a minimum wage, and a max work week