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Herbert hoover wins election
hoover is elected -
Black tuesday
the stock market plummets and all stocks drop by massive percentages thus starting the great depression -
Dust Bowl starts
massive dust storms sweep the us and destroy crops -
Bank of the United States fails
4th largest bank in the US and the largest bank closure in history at the time; just one of the hundreds of other bank closures -
Bonus Army
As the depression worsens, WW1 vets march on washington and demand their pensions guaranteed by their service, only to be disbanded semi violently by the same army they served in -
DOW jones bottoms out at 41.22, down by 90% from before the crash
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FDR wins the election of 1932
FDR becomes president and with his new deal will lead the US out of the depression and eventually most of ww2 -
Unemployment reaches its peak
unemployment reaches 24.9% globally -
New Deal
FDR commences the New Deal, a series of programs and projects aimed to get the US out of the economic slump -
Emergency Bankin Act
the EBA is enacted, saving and reopening hundreds of banks that have closed or were on the brink -
Social Security act
social security act is enacted providing a way for people to survive on money from the government if they are senior citizens or on tough times -
WW2 Starts
Germany invades Poland setting off a chain of events leading to the US getting involved and in the end getting the US out of the depression. 405,000 American Servicemen and women die
