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The American stock market collapses, signaling the onset of the Great Depression. The Dow Jones Industrial Average peaks in September 1929 at 381.17.
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Unemployment averages 3.2% for the year.
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Congress passes the Smoot- Hawley Tariff, steeply raising import duties in an attempt to protect American manufactures from foreign competition. The tariff increase has little impact on the American economy.
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New York's Bank of the United States collapses in the largest bank failure to date in American history. 200$ million in deposits disappear
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Charles Coughlin's weekly broadcast draws an average of 30 to 45 million listeners.
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Dr. Francis sends a letter to the Long Beach Press- Telegram proposing state-funded pensions for the4 elderly to boost consumption and employment.
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Huey Long is assassinated inside the Louisiana Capitol Building. 40th governor of Louisiana
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More than 5,000 Townsend clubs nationwide together represent more than 2 million members. An estimated 25 million Americans have signed petitions.
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Huey Long's share our wealth society has expanded to 27,000 clubs nationwide, with a mailing list of 7.5 million Americans
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Franklin Roosevelt is elected to a second term as president, winning in a landslide over Republican Alf Landon.
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The German-American Bund stages a huge rally of fascist sympathizers supporting what they call True Americanism.
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The Japanese attack on Pearl Harbor draws United States into WW2. Mobilization for war finally lifts the American economy permanently out the Great Depression.
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