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unemployment is as low as 3.2 % at this time
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The U.S. stockmarket crashes . people had invetsed their money in stock instead of leaving in savings.
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New yorks major bank collapses and you 200$ million disapers
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Roosevelt wins the presdiental election
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Dr. Francis Townsend sends a letter to the Long Beach Press-Telegram proposing statefunded pensions for the elderly to boost consumption and employment.
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Charels Coughlins brings in 30 45 million listeners on the weekly . he is one of the first to bring policitcal & social agenda to airways
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Dr. Francis Townsend formally incorporates Old Age Revolving Pensions, Ltd to lead the Townsend Plan movement.
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Huey Long founds the Share Our Wealth society, advocating outright seizure of the "excess fortunes" of the rich to redistribute to the poor.
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Unemployment avergaes at 20.1% for the year
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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."
