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Period: to
Great Depression
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Stock Market Crash
This marks the beginning if the Great Depression. The stock market crashes with losses around $16 billion. -
Smoot-Hawley Tariff
This act was put in place to protect American farmers from agricultural imports. This act was no help to the Great Depression though, it caused a large decline in trading internationally. -
GNP and Unemployment
Throughout the year of 1931 the Gross National Product (GNP) another 8.5 percewnt fromt he year before. While unemployment raises 15.9%. -
Reconstruction Finance Corp
Created by Herbet Hoover this corperation originally only lent money to Financial Business and Agricultural companies. Its purpose was to help make the economy active by lending money. -
Glass-Steagall Act
this act was to separate investment and comercial banking. Thought up by two members of congress, during the time of improper banking activitie. -
Trade Agreement Act
This act gave the president the authority to adjust tariff rates. Thinking this would bring trade agreements to a speendy recovery. -
WWII
World War Two starts as hittler invades polland. As the U.S spends money on war fares, pulling us out of the depression.
