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Herbert Hoover was elected president. Many Americans had high hopes for Hoover, as heading in a direction that would change many lives. Felt he was competed in leading this country
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unemployment rate leaped from 3% (1.6 million workers) to 25% ( 13 million worker). Hoover saw passed believing within time it will steadily return to normal
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Stock market crashes. Dealt with a crush blow to the hopes and dreams of million Americans. Economic troubles led to stock owners selling stocks as soon as they could.
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The Great Depression was a severe worldwide economic depression. The Great Depression also brought us the Federal Deposit Insurance Corp. (FDIC), regulation of securities markets, the birth of the Social Security System and the first national minimum wage.
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President Hoover encouraged Americans to remain confident about the economy. The U.S would soon see that those words would come back to haunt him as a riot would soon break out.
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400,000 farms were lost due to the poor harvesting conditions, high temperatures, extended droughts, and poor agricultural practice.
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Highest protective tariff act in U.S history. Designed to protect American Farmers and manufactures from foreign competition. Made unemployment worse in the industries.
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300,000 hobos were all around. They wonder streets. Hitching rides on railroad boxcars, and even sleeping under bridges. Even had it's own language; using symbols to help each other. For example, where to sleep, where there is food, etc.
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The dust bow was when farming in the great plains became much difficult for famers and eventually drove them out. Wind scattered the topsoil m exposing sand and grit underneath. Dust storms hit many families in areas like Kanas, Oklahoma Texas, New Mexica, and Colorado.
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WW1 soldiers went to the government demanding payment for wartime service. Around 25,000 went. Hoover makes the worst decision and uses force against them by calling upon the military and even used tanks to get rid of them.
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With Hoover tragic loss in electoral and citizens votes. Franklin D. Roosevelt takes office. New hope in the eyes in U.S to recover from this depression
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Movies such as Wizard of OZ and Gone with the Wind become a hit to the people cause in connects in small ways of the great depression.
