-
The American stock market collapsed, commencing the Great Depression. Many individuals left penniless, scavenging for a job.
-
This tariff raised import duties in an attempt to protect American manufactures from foreign competition. This tariff has very little effect of the American economy, however Europe farther into crisis.
-
New York's Bank of the United States collapses in the largest bank failure to date in American history. Around $200 million in deposits disappear and customers rage.
-
Franklin D. Roosevelt (democrat) beats his opponent Herbert Hoover (republican) in a competition to win the presidency.
-
Dr. Francis Townsend sends a letter to the Long Beach Press-Telegram proposing state-funded pensions for the elderly to boost consumption and employment.
-
Franklin D. Roosevelt is inaugurated into office as 32nd president of the United States.
-
Father Charles Coughlin, "The Radio Priest," establishes the National Union for Social Justice.
-
Upton Sinclair's movement gives Sinclair a victory in the Democratic gubernatorial primary in California.
-
Long was assassinated inside the Louisiana Capitol Building.
-
Roosevelt was elected to a second term as president, beating fellow candidate Alf Landon. The only states he did not win were Maine and Vermont.
-
The unemployment rate averages 17.2% for the year.
-
The German-American Bund stages a rally of fascist sympathizers supporting "True Americanism".
