Major Events

Chapter 32 · 1920–1932

Warren G. Harding elected president on a promise of "normalcy"

1920

Albert Fall secretly leases the Teapot Dome oil reserves

1921–22

Harding dies suddenly; Calvin Coolidge becomes president

1923

Coolidge elected in his own right

1924

Florida land boom collapses

1926

Herbert Hoover elected president in a landslide

1928

"Black Thursday" panic hits Wall Street

Oct. 24, 1929

"Black Tuesday" — the stock market crashes

Oct. 29, 1929

Hawley-Smoot Tariff raises duties to historic highs

1930

Reconstruction Finance Corporation created

1932

Bonus Army marches on Washington and is forcibly dispersed

Summer 1932

Franklin D. Roosevelt defeats Hoover in a landslide

Nov. 1932