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Herbert Hoover becomes President
Herbert Hoover becomes President in 1929. -
Stock market crash begins October 24.
Stock market crash begins October 24. Losses for the month will be a total $16 billion. -
Period: to
Major Events During 1929-1932
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Period: to
Major Events During 1929-1932
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The GNP falls, and the unemployment rate climbs
The GNP falls 9.4 percent from the year before. The unemployment rate climbs from 3.2 to 8.7 percent. -
The GNP falls again, unemployment rises again.
The GNP falls another 8.5 percent; unemployment rises to 15.9 percent. -
Many Americans Lost Their Jobs
Over 13 million Americans have lost their jobs since 1929.
