What happened 1932 AD in United States of America

The Reconstruction Finance Corporation is created to lend $2 billion to troubled financial institutions that were not part of the Federal Reserve System that were solvent in the long-run. By 1941, the RFC would lend out some $9.5 billion to banks, railroads, and mortgage associations, as well as state and local governments.

Wong appeared alongside Marlene Dietrich as a self-sacrificing courtesan in Sternberg's Shanghai Express.

Michigan becomes the first state in the U.S. to declare an indefinite bank holiday, in an attempt to stem the impending collapse of First National Bank of Detroit and the Guardian National Bank of Commerce, the two largest banks in Detroit. First National and Guardian National were threatened with failure if the Ford Motor Company made good on its desire to withdraw all of its deposits in the two banks; Ford needed the cash to cover its $75 million loss in 1932.

The Revenue Act of 1932 is signed into law, raising taxes on personal income, corporate income, and sales taxes on various goods.

The United States presidential election of 1932 was the thirty-seventh quadrennial presidential election, held on Tuesday, November 8, 1932. The election took place against the backdrop of the Great Depression. Incumbent Republican President Herbert Hoover was defeated in a landslide by Democrat Franklin D. Roosevelt, the Governor of New York.

1932 United States elections: Franklin D. Roosevelt elected 32nd President of the United States in a landslide, the Democratic Party wins massive majorities in both chambers of Congress.

Disney, always keen to embrace new technology, filmed Flowers and Trees (1932) in full-color three-strip Technicolor; he was also able to negotiate a deal giving him the sole right to use the three-strip process until August 31, 1935. All subsequent Silly Symphony cartoons were in color. Flowers and Trees was popular with audiences and won the Academy Award for best Short Subject (Cartoon) at the 1932 ceremony.

In 1932, Rosa married Raymond Parks, a barber from Montgomery. He was a member of the NAACP, which at the time was collecting money to support the defense of the Scottsboro Boys, a group of black men falsely accused of raping two white women.

After her success in Europe and a prominent role in Shanghai Express, Wong's Hollywood career returned to its old pattern. Because of the Hays Code's anti-miscegenation rules, she was passed over for the leading female role in The Son-Daughter in favor of Helen Hayes.