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Great Depression - The 1930 recession

Time: 1930

Place: U.S.

Details: Recession deepens. US GDP contracts by 8.5% and nominal GDP falls to $92 billion. Prices decline slightly but wages hold relatively steady. US annual inflation rate is -6.4%. Unemployment reaches 9%. 1,350 banks fail.

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Crowd at New York's American Union Bank during a bank run early in the Great Depression
Great Depression-First major round of U.S. bank failures
Dec, 1930 - U.S.
Crowd at New York's American Union Bank during a bank run early in the Great Depression
Great Depression-Minor recession begins
Aug, 1929 - U.S.
Crowd at New York's American Union Bank during a bank run early in the Great Depression
Great Depression-Mini-stock market crash occurs
Monday Mar 25, 1929 - U.S.
Crowd at New York's American Union Bank during a bank run early in the Great Depression
Great Depression-Federal Reserve begins lowering the discount rate
Friday Nov 1, 1929 - Eccles Building, Washington D.C., U.S.
Crowd at New York's American Union Bank during a bank run early in the Great Depression
Great Depression-Federal Reserve's federal funds rate reaches 2%
Dec, 1930 - Eccles Building, Washington, D.C., U.S.

1930

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Vasily Zaitsev-Graduation
1930 - Magnitogorsk, Soviet Union
Ho Chi Minh
Ho Chi Minh-Chairing a meeting with representatives from two Vietnamese Communist Parties
1930 - Hong Kong
Marie Curie
Marie Curie-The International Atomic Weights Committee
1930 - Paris, France
Martin Bormann
Martin Bormann-Bormann Set Up The Hilfskasse der NSDAP
1930 - Germany
Heinrich Himmler
Heinrich Himmler-Running The SS as a separate Organization
1930 - Germany
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