What happened May 1930 AD

The Bank for International Settlements (BIS) became an object of scrutiny when the Norwegian delegation put forth evidence that the BIS was involved in war crimes. The BIS, formed in 1930, was originally primarily intended to facilitate settling financial obligations arising from the peace treaties that concluded the First World War.

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

Automobile sales fall below 1928 levels.