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Stock market crash
The stock market crash was a big part of the depression. Millions of dollars were lost in stocks, including the money the banks put in stocks. -
Banks started failing
Banks started to fail because of all the money was being withdrawn from the bank and the bank didn't have the money because they invested it all into stocks. many banks limited on how much people could withdraw, but still thousands of banks were out of business. -
Smoot-Hawley Tariff act passed
This tariff act raised the tariff prices on goods imported to the U.S. This was a effort to recover the economy however it failed. -
The dust bowl
This was a bad couple of years for farmers. Crops both died from lack of water. Many livestock and crops also died from dust storms that happened frequently because of how dry it was. -
Umemployment reaches peak
Unemployment reached its peak of 25% unemployed. This is a big factor because without people employed there is going to be less money circulating in the economy. -
CCC was formed
The Civilian Conservation Corps was formed by F.D.R. in a attempt to give people jobs with fixed wages and equal work by doing things like fixing power lines and making roads. This was another attempt to fix the economic decrease. -
Farm relief bill
This was an effort to stop the surplus of crops in the U.S. It gave landowners who didn't plant crops money in a effort to raise the produce prices to help the economy
