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Great Depression for school homework thingy
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A cataclysmic crash on the wallstreet stock market, this is the beginning of the Great Depression.
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1930: Severe drought and Dust Bowl conditions began to ruin farmers’ land, a condition that lasted until 1935
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Massive food riot broke out in the streets as well as the deportation of foriegn workers.
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Congress established the Reconstruction Finance Corporation to lend $2 billion to banks, insurance companies, building and loan associations, and farming organizations
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The highest unemployment rates and largest losses of stock occured in this time.
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Franklin Rooslevelt wins elections and becomes US President
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The stock market has reached its lowest point in Late 1932
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Highest point of unemployment reaching a staggering %.
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1933: The Civilian Conservation Corp (CCC) was established to put young men to work in federal and state parks
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1933: The National Recovery Administration (NRA) was introduced
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1933: The Federal Deposit Insurance Corporation (FDIC) was established to insure bank deposits
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1933: The Civil Works Administration (CWA) was established to employ up to 4 million people on public works projects
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1935: The Work Projects Administration (WPA) was formed to employ up to 8.5 million people on public works projects across the country
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November 1936: FDR was elected to a second term as president
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April 1938: FDR asked Congress for an additional $3.75 billion to stimulate the still floundering economy
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November 1940: FDR was elected to a third term as president
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1941: Preparations for World War II stimulated the American economy and effectively brought an end to the Great Depression