Black Friday: New York Stock Exchange Crashes

Written by zachor_foundation on May 7, 2014

The collapse of the New York Stock Exchange prompted a severe economic crisis in the United States and, in its wake, around the world. In response to the crisis, the American electorate installed Franklin Delano Roosevelt in the White House in the 1932 presidential elections. Roosevelt’s far-reaching program, the New Deal, intensified federal-government involvement in economic life and helped pull the country out of its malaise.

Nazis Take 33.1 Percent of Vote in Reichstag Elections

Written by zachor_foundation on May 7, 2014

In the Reichstag elections in 1924, the Nazis received only 3 percent of the votes and were considered a phantom party. The political and economic crises that swept Germany in the late 1920s animated a dramatic Nazi ascent in the 1930s, the party’s parliamentary strength increasing apace. In the so-called “disaster elections” in 1930, the Nazis took 18.3 percent of the vote. As parliamentary crises continued to afflict Germany, new elections were called in July 1932; this time, the Nazis

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Hitler becomes Chancellor

Written by zachor_foundation on May 7, 2014

Several days after the November 1932 elections, the Reichstag rejected the program of the incumbent Chancellor, Franz von Papen, for a “government of national concentration.” In response, von Papen resigned. Hitler asked President Paul von Hindenburg to appoint him chancellor, but the president refused, feeling that Hitler would use the office to amass dictatorial power. In early December, he appointed the Minister of Defense, Kurt von Schleicher, to the premiership, but he, too, resigned less than two months later. Now

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