What happened January 1929 AD

In January 1929, Mao and Zhu evacuated the base with 2,000 men and a further 800 provided by Peng, and took their armies south, to the area around Tonggu and Xinfeng in Jiangxi.

Franklin D. Roosevelt was elected governor of New York in 1928 and served from 1 January 1929 until his election as President of the United States in 1932. His term as governor provided him with a high-visibility position in which to prove himself as well as provide a major base from which to launch a bid for the presidency.

The combined net profits of 536 manufacturing and trading companies showed a 36.6% increase over the same period in 1928, with steel production leading the way. Retail sales, construction starts, and railroad revenues set record after record. Stocks continue to make record gains. An enormous surplus of wheat from 1928 drives down wheat prices, straining commodity markets and farmers' incomes. Unemployment hovers around a robust 4%. US nominal GDP is $105 billion.