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The smoot-Hawley Tariff passes on June 17. Democrats gain in congressional elections but still don't have majority. The GNP fails 9.4% and unemployment rate climbs 3.2% to 8.7%. 1931, a second banking panic occurs in the spring. The GNP falls another 8.5%. Unemployment rises to 15.9%. 1932, this year and next year are the worst of the depression...
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1932, this year and next year are the worst of the depression. GNP falls a record 13.4%. Unemployment falls another 23.6%. Congress creates the reconstruction finance corporation. Congress passes the federal home loan bank act Congress passes the glass steagall act of 1932. 1933 Roosevelt inaugurated...
10 significal presidential elections in american history DEMOCRACY ENCOURAGES THE MAJORITY TO DECIDE THINGS ON WHICH THE MAJORITY IS IGNORANT Tariff and Non-Tariff trade barriers Tariff and non-tariff barriers Tariff and Non-tariff Barriers Congressional Powers Tariff and Non-tariff African American Contributions to American History The importance of Congressional structure congressional pork barel congressional reconstruction- civil war Mark Foley's Congressional Page Scandal Trade Policies: Import Tariff And Quotas Majority Vs Minorities Constitutionalism: The Tyranny Of The Majority
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