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Grand Ole Opry
The Grand Ole Opry transmits its first radio broadcast. -
Air Commerce
Air Commerce Act is passed, providing aid and assistance to the airline industry, plus federal oversight under the Department of Commerce for civil air safety. -
MLK
Future Civil Rights leader Martin Luther King is born in his grandfather's house in Atlanta, Georgia. -
Wall street strike
In protest of the Securities Act of 1933, major Wall Street firms refused to bring new issues of stock to the market. -
FDR
Franklin D. Roosevelt's term begins. -
Dust Bowl
The dust bowl begins, which starts dying of crops and animal and starts drought. -
Industrial Development Bonds
Mississippi was the first state to issue industrial development bonds, in an effort to use state financing power to build up private industry. -
Revenue Act
The Revenue Act, backed by investment management firms, accorded special tax treatment to open-ended mutual funds, which the legislation dubbed "mutual investment companies," making them more attractive to investors.