Market Collapses in 6,410,030 Share Day Tel. & Tel, and Steel Among Heaviest Losers
June 17, 1930
November 8, 1932
On October 28, 1929, the stock prices fell 13%. Then on Black Tuesday, the market lost another 12%. A record of 16 million shares was traded. On November 23 the market hit bottom.
March 9, 1933
On June 17, 1930, President Hoover signed the Smoot-Hawley Tariff Act. This act was intended to help farmers but it ended up putting tariffs on many other goods.
November 3, 1936
President Franklin Delano Roosevelt was elected on November 8, 1932. He defeated Herbert Hoover in a landslide victory. Roosevelt got 22,800,000 popular votes while Hoover got 15,750,000
December 7, 1941
On March 9, 1933, FDR launched the New Deal along with the Emergency Banking Act. This act closed all U.S. banks to stop devastating failures.
President Roosevelt is elected for a second term on November 3, 1936. There was also a heat wave during this time and 1,693 people died from it.
Japan attacked pearl harbor and then the U.S. entered world war 2. The war allowed the U.S. to get out of their depression.
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