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Klansmen March
40,000 Ku Klux Klansmen march on Washington, their white-hooded procession filling Pennsylvania Avenue. -
Babe Ruth’s 60th homerun
New York Yankees star Babe Ruth hits his 60th home run of the season, breaking his own record of 59. Ruth's record will stand for more than 30 years. -
Steamboat Willie
Walt Disney's Steamboat Willie premieres, introducing the world to a new animated character: Mickey Mouse. -
Herbert Hoover
Herbert became president and did little to stop Depression -
Chicago mob
In the "Saint Valentine's Day Massacre," the single bloodiest incident in a decade-long turf war between rival Chicago mobsters fighting to control the lucrative bootlegging trade, members of Al Capone's gang murder six followers of rival Bugs Moran. -
Veteran affairs
Hoover created the Department of Veterans Affairs. -
Bank of Tennessee
The Bank of Tennessee failed -
Revenue Act of 1932
It increased the top income tax rate to 63 percent. He wanted to reduce the federal deficit. Hoover believed it would also restore confidence. Instead, higher taxes worsened the Depression. -
Gold Reserve Act
The Gold Reserve Act prohibited private ownership of gold and doubled its price.
