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America During The Great Depression

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The Great Depression was the worst economic downturn in the history of industrialized world. People wouldn’t pay back their loans, thus the banks went bankrupt. This happened to over 100 banks and millions of dollars were lost. All of these events lead up to the Stock Market Crash of 1929. The leader of the country during this unfortunate time was Herbert Hoover who did absolutely nothing to support his people, thinking that it wasn’t his place to do so. Americans were furious when they heard about this but they couldn’t do anything to convince the government to help them. Throughout the years, the economic industry in America had gotten worse. From 1929 to 1933, unemployment rates increased by over 10 million and Americans struggled to survive. It wasn’t until America elected a new president, Franklin Roosevelt who created the New Deal in 1935, where the economy was recovering. The New Deal was a group of U.S government programs of the 1930s.
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