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An economic recession starts, but isn't felt until Black Tuesday.
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The stock market, artificially inflated, crashes.
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Adolf Hitler becomes chancellor of a struggling Germany.
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Inauguration of Franklin Roosevelt as president.
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Franklin Roosevelt starts New Deal programs to bring America out of depression.
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Part of the New Deal, the PWA spends $3.3 billion over the next years.
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Roosevelt starts second phase of the New Deal programs.
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The Rome-Berlin Axis is created between Germany and Italy.
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Munich agreement allows the annexation of Czechoslovakia by Germany in hopes of appeasement.
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The invasion of Poland by Germany begins World War II.
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