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In October 29, 1929, The tragic stock market crash in America had caused the devestating erea of depression and sadness otherwise known as The Great Depression. This major situation not only affected america but had affected multiptle other countries as well, such as Europe, and Latin America. In latin america major stock crashes tha originated in the United States had affected a large part of Latin America's Economy and damaged it for a long time.
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This timeline was created due to the fact I was giving information of the Great Depression. During the time frame of the Great Depression I decided to list other world wide events that had occurred during the Great Depression time frame.
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On June 17, 1930, President Herbert Clark Hoover decided to retaliate the situation of The Great Depression by signing an act that Raises prices of imported goods dramatically in which causes a majority of world wide trade systems to be ruptured. A majority of world trade centers faced hardships and including the economy in europe as well.
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In the month of May, and year of 1931, Austria had their largest commercial bank called the Kreditanstalt crash in their economic income and retreats to bankruptcy. This economic crash causes europes citizens to go into major panic.
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On September 21, 1931, The British Parliament had declared and passed the law that gold standards are no longer used for currency. This is in which meaning each and every citizen must now pay with the parliaments new chosen currency.
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In the month of Janruary and the year of 1933 Adolf Hitler runs and is elected succesfully as the chancelor of Germany having full governing power.
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On April 19, 1933, President Franklin D. Roosevelt decrees and creates the law that excludes gold off of Americas economy.
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In rhe month of June and the year of 1933, The World Economic Conference center holds a meeting about the global economic crisis and results in a major faliure in attempt to fix global economic crisis.
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On september 25, 1936, The following countries France, Britain, and the United States decree and agree on monetary stabilization. This means that their decision marks the start of International Economic Cooperation.
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On september 1, 1939, Adolf hitler sends a majority of his troops to secure and invade Poland. In which this rash act causes World War 2 and ends the Great Depression.
