Former president Calvin Coolidge died January 5th.
Bank holidays were created to prevent withdrawal runs on banks due to the depression.
The U.S. officially recognized the Union of Soviet Socialist Republics.
The prohibition of alcohol was repealed.
Rear Admiral W.A. Moffett and 72 others perished when the dirigible Akion was downed by a storm off the New Jersey coast.
Facing the worst depression in U.S. history, Franklin Roosevelt declared in his inaugural address that "the only thing we have to fear is fear itself."
Katherine Hepburn starred in Little Women and Mae West in She Done Him Wrong, the year's two most popular films.