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Unemployment is low
unemployment is as low as 3.2 % at this time -
Stock market crash
The U.S. stockmarket crashes . people had invetsed their money in stock instead of leaving in savings. -
Bank fails
New yorks major bank collapses and you 200$ million disapers -
Roosevelt is elected
Roosevelt wins the presdiental election -
Townsend proposes the pension plan
Dr. Francis Townsend sends a letter to the Long Beach Press-Telegram proposing statefunded pensions for the elderly to boost consumption and employment. -
Raido Priest
Charels Coughlins brings in 30 45 million listeners on the weekly . he is one of the first to bring policitcal & social agenda to airways -
townsend plan incorperated
Dr. Francis Townsend formally incorporates Old Age Revolving Pensions, Ltd to lead the Townsend Plan movement. -
Share our wealth society found
Huey Long founds the Share Our Wealth society, advocating outright seizure of the "excess fortunes" of the rich to redistribute to the poor. -
Unemployment in 1935 at 20.1%
Unemployment avergaes at 20.1% for the year -
New york Nazi meet
The German-American Bund stages a huge rally of fascist sympathizers supporting what they call "True Americanism" in Madison Square Garden in New York. Anti-Semitic Hitler admirer and Bund leader Fritz Kuhn calls Franklin Roosevelt "Frank Rosenfeld," the New Deal "The Jew Deal."
