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Warren G. Harding becomes President of the United States of America, promising a "return to normalcy."
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The stock market began it's fall, and ushered in the era known as The Great Depression.
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In the summer of 1932, World War I veterans waited in a "tent city" in Anacostia Flats in the hopes that Congress would pass a bill to immediately give said veterans their promised bonuses for fighting in the war. The bill was opposed by President Hoover.
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Franklin Delano Roosevelt, also known as FDR, was inaugurated as President of the United States. He sought to bring the American people out of the Great Depression
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The Supreme Court unanimously deemed the National Recovery Administration unconstitutional.
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The Social Security Act "provided for old-age pensions, unemployment insurance, and economic aid, based on means, to assist both the elderly and dependent children."
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Huey Long, a Democrat from Louisiana famous for opposing much of FDR"s New Deal proposals, was assassinated on the Louisiana state capitol floor. He died two days later.
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President Roosevelt cut American spending. However, this recession did not work as he had hoped and served as a strong piece of evidence for his critics.
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The Fair Labor Standards Act of 1938 was arguably the final major measure of FDR's New Deal.
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John Steinback's novel, The Grapes of Wrath, depicting the Depression's dislocated populations, was published.
