New Deal Dbq

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During the fall of 1929, the American stock market crashed, marking the beginning of the decade long economic crisis known as the Great Depression. Millions of people traded their shares to investors who later found out that they were worthless. From 1929 to 1932, more than half of the country’s product manufacturers were shut down and as result, almost 15 million workers were laid off and unemployed. It was not until President Franklin D. Roosevelt was elected in 1932 that circumstances of the time period improved. On his inauguration day, Roosevelt immediately started working to fix the economic decline by “announcing a four-day ‘bank holiday’ during which all banks would close so that Congress could pass reform legislation and reopen those

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