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Herbert Hoover in inaugurated as 31st President of United States
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American Stock Market crashes
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Steeply raises import duties
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Hoover created Department of Veterans Affairs
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New York's Bank of the United States collapses.
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Hoover signs the Revenue Act of 1932 in hopes to restore confidence.
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Democrat Franklin D. Roosevelt defeats Republican president Herbert Hoover by a landslide.
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Roosevelt inaugurated into office as 32nd President of the United States
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Roosevelt launched the New Deal with the Emergency Banking Act which closed all US banks to stop failures
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Hired 3 million workers to maintain public lands
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Created Works Progress Administration to hire 8.5 million people.
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Roosevelt wins second term as president over Republican cantidate Alf Landon