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Stock Market Crash
The stock market crashed causing the market to lose $30 billion. This day is known as "Black Thursday." -
Dust Bowl
Severe drought ruining the land for farmers making living condictions very difficult. -
Bank Failures
First round of bank failures causing banks to shut down all over the country. -
Smoot-Hawley Tariff
Congress passed the Smoot-Hawley Tariff in attempt to protect American manufacturers from foreign competition. The tariff had little impact on America, but Europe fell deeper into crisis. -
Food Riots
People did not have enough money to buy food, so they started taking it from stores causing stores to lose not only food but money. -
Unemployment
Unemployment rates hit nearly 25%, its highest rate. -
New Deal
President Roosevelt begins to implement "the new deal" that he promised to Americans. -
Roosevelt Becomes President
Franklin D. Roosevelt becomes president, winning the election over President Hoover. Many Americans hope that Roosevelt will help end the Depression. -
Social Security Act
The Social Security Act is signed and provides money to retirees and others. -
Roosevelt is Reelected
Franklin D. Roosevelt is reelected as president for another term. -
End of The Great Depression