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Stock investors traded millions of dollars in stocks based off of speculation that caused many investors to go broke and the markets to lose billions.
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The stock crash caused the American people to lose trust in banks and rather not spend money at all. People began withdrawing their savings causing panic. By the end of the day the banks had become bankrupt and began closing.
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Roosevelt became president with a plan to try to end the Great Depression. He used relief, reform, and recovery to try and end unemployment, get money flowing, and restore faith in the banks.
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Franklin Roosevelt repealed the 21st amendment because the alcohol industry would create thousands of jobs and help end unemployment. It also helped reduce mafia crime
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The bombing of Pearl Harbor caused America to join the war. The war caused mass production of weapons, ships, planes, and food opening jobs for both women and men. Money was once again flowing throughout America pulling us out of the Great Depression.
