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After over speculation in stocks, expansion in some industries, and overproduction of agricultural goods, the stock market crashes.
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The unemployment rate averages 16.3% for the year.
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The Bank of the United States in New York City fails and $200 million in deposits are lost.
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Democrat Franklin Roosevelt beats Republican Herbert Hoover in a landslide victory.
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Hitler and the Nazi Party gain control of the German government.
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The proposed Townshend Plan, which proposed state-funded pensions for the elderly to boost consumption and employment is passed.
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A West Coast longshoremen's strike halts shipping and trade in California, Oregon, and Washington.
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Father Charles Coughlin, "The Radio Priest" establishes the National Union for Social Justice
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After an almost total economic collapse, Hitler delivers on his promises and brings jobs to Germany.
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Franklin Roosevelt wins second term over a landslide victory over Republican Alf Landon.
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Helped farmers by reducing the production of staple crops and encouraging more diversified farming.