What happened 1930 AD in United States of America

In 1930, the tower lost the title of the world's tallest structure when the Chrysler Building in New York City was completed.

Smoot-Hawley Tariff Act passed, placing more stress on the weakening global economy, primarily through the collapse in trade of agricultural products, which strained banks that had lent heavily to farmers. Further decreases in trade of manufactured products led to layoffs and reduced corporate profits, weakening the economy. General consensus among economists is that the Smoot-Hawley Act did not cause the Depression, but did worsen it and stunted recovery efforts after 1933. Exports declined from $5.2 billion in 1929 to just $1.7 billion in 1933.

Armstrong was born on August 5, 1930, near Wapakoneta, Ohio.

On August 30, 1930, Buffett was born in Omaha, Nebraska, the second of three children and the only son of Leila (née Stahl) and Congressman Howard Buffett.

Bank of Italy was renamed on November 3, 1930, to Bank of America National Trust and Savings Association, which was the only such designated bank in the United States at that time. Giannini and Monnette headed the resulting company, serving as co-chairs.