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Herbert Hoover wins the election against democrat Alfred E. Smith, little did he know economic despair was on the way.
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Stock market prices plunge and people rapidly try to sell stocks.
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The Dust bowl was one of the worst time periods in U.S History, natural disaster wise. Huge dust storms would consume and cover the mid west and prohibit the ability to see in front of yourself.
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The Smoot-Hawley Tariff Act passed which raised tariffs on over 20,000 imported goods. Many economists say this act one part of the things that contributed to the Great Depression.
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The unemployment rate for African Americans in the U.S reaches 50%. Which is much higher than their White counterparts at 31.7%.
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The Empire State Building is completed and is the tallest building in the world until 1971.
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The Bonus Army marched onto Washington D.C. to demand early cash redemption of their service certificates.
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In the 1932 presidential election, Roosevelt defeated Republican President Herbert Hoover in a landslide.
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The FERA implemented President Roosevelt's first major initiative to combat the economic and financial problems of the Great Depression.
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The FHA created by Franklin D. Roosevelt insures mortgages on single family homes, multifamily properties, residential care facilities, and hospitals.
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The WPA created by Franklin D Roosevelt and Harry Hopkins employed millions of people to work on public works projects, some jobs include the construction of public buildings and roads.
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The Republic Steel strike was carried out by roughly 200 marchers, the marchers approached 150 polices officers and began to fight. The event would go down as one of the bloodiest strikes in U.S. history with 10 marchers dead, 40 injured police officers, and 60 injured marchers.
