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Stock Market crashes
Later known as "Black Tuesday" -
The start of The Great Depression
Worldwide economic depression starting in the United States and spreading throughout the world. 25% unemployed. 5,000 banks and 20,000 companies go bankrupt. -
The start of the Dust Bowl in the Great Plains
Goes until 1936. -
Bonus Army marches in on Washington, DC
They demanded their service money that wasn't supposed to be given to them for another 13 years. President Hoover used force to remove them. -
Glass-Steagall Act of 1932 passed
insures bank deposits of up to $5,000 -
Franklin D. Roosevelt elected President of the United States
Would later become the president to pull the United States out of the Depression. -
President Roosevelt introduces and launches the New Deal in multiple waves
Gave economic relief to all. -
All banks close for a 4-day "holiday" and Emergency Banking Act was passed
In hopes that citizens would entrust their money in the bank