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Updated: 2/25/2020
Unknown Story
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  • October 1929- Great Depression
  • Dec 1931- Major Bank Collapse
  • Nov 1932-Roosevelt Elected
  • The stock market crash was a four-day collapse of stock prices that began in october 24.
  • 1932-Financial
  • New York's Bank of the Untied States collapses in the largest bank failure to date in american History. $200 million in deposits disappear.
  • 1933-New deal
  • Roosevelt defeated republican incumbent President Herbert Hoover and Roosevelt won in a landslide.
  • 1934-act
  • Congress created the Reconstruction Finance corporation to lend $2 billion to financial institutions to prevent further failures.
  • Franklin Delano Roosevelt launched the New Deal with the emergency banking Act. It closed all U.S. banks to stop evastating failures.
  • The Gold Reserve Act Prohibited private ownership of gold and doubled its price.
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