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.
A speech to the Industry Club in Düsseldorf on 27 January 1932 won him support from many of Germany's most powerful industrialists. Hindenburg had support from various nationalist, monarchist, Catholic, and republican parties, and some Social Democrats. Hitler used the campaign slogan "Hitler über Deutschland" ("Hitler over Germany"), a reference to his political ambitions and his campaigning by aircraft.
Incessant fighting followed the Mukden Incident. In 1932, Chinese and Japanese troops fought the January 28 Incident battle. This resulted in the demilitarisation of Shanghai, which forbade the Chinese from deploying troops in their own city. In Manchukuo there was an ongoing campaign to defeat the Anti-Japanese Volunteer Armies that arose from widespread outrage over the policy of non-resistance to Japan.
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.
After five months of fighting, Japan established the puppet state of Manchukuo in 1932, and installed the last Emperor of China, Puyi, as its puppet ruler. Militarily too weak to challenge Japan directly, China appealed to the League of Nations for help. The League's investigation led to the publication of the Lytton Report, condemning Japan for its incursion into Manchuria, causing Japan to withdraw from the League of Nations. No country took action against Japan beyond tepid censure.
Hachikō attracted the attention of other commuters. Many of the people who frequented the Shibuya train station had seen Hachikō and Professor Ueno together each day. Initial reactions from the people, especially from those working at the station, were not necessarily friendly. However, after the first appearance of the article about him in Asahi Shimbun on October 4, 1932, people started to bring Hachikō treats and food to nourish him during his wait.
The German federal election, November 1932, the last free and fair all-German election until 1990, is held. A minor setback for the Nazi Party, a campaign of mass violence and intimidation would begin in the run up to the next election in March 1933. Hitler is later appointed Chancellor of Germany by President Paul von Hindenburg, and would use the Reichstag fire as a pretext to declare a state of emergency in Germany expanding his powers.
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.
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.
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.