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The Stock Market crashed and many people lost their money. This signlaed the beginning of the Great Depression.
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This high tariff on foreign goods was supposed to help the economy, but other countries enacted their own tariffs and world trade fell 40%.
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In the Spring of 1932, 15,000 WWI vets went to Washington to get their war bonus immediately and not in 1945. The Patman Bill would've authorized Congress to pay the vets immediately, but Senate voted down the bill on June 17.
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Franklin Delano Roosevelt is elected President. As president, he made the New Deal which helped the US get out of the Great Depression.
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President Roosevelt is inaugurated into office.
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Congress passed the Emergency Relief Act which authorized the Treasury to inspect the nation's banks.
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The first New Deal program, the Civilian Conservation Corps, is created.
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The Social Security Act is created which helped and still helps many senior citizens and people on welfare.
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Huey Long, one of Roosevelt's biggest opponents and critics, was assassinated by a gunman.
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Roosevelt wins the election and has his second term in which he makes a second New Deal.
