What happened June 1931 AD

With the fall of the monarchy in 1931, Franco did not take any notable stand. But the closing of the Academy in June by War Minister Manuel Azaña provoked his first clash with the Spanish Republic.

In June 1931, he was arrested in Hong Kong.

Raúl Modesto Castro Ruz was born in Birán, Cuba.

Second major round of U.S. bank failures and worsening economic situation contributes to permanent change in people's expectation of the economy. This run was centered on bank in Chicago, which suffered from real estate loan defaults. Of the 193 state-chartered banks in the Chicago area in 1929, only 35 would survive to the end of 1933.

In June and July, the Confederación Nacional del Trabajo, known as the CNT, called several strikes, which led to a violent incident between CNT members and the Civil Guard and a brutal crackdown by the Civil Guard and the army against the CNT in Seville. This led many workers to believe the Spanish Second Republic was just as oppressive as the monarchy, and the CNT announced its intention of overthrowing it via revolution. Elections in June 1931 returned a large majority of Republicans and Socialists.

The Hoover Moratorium is issued June 20th, suspending reparation payments from Germany to stabilize the country.