1935 Economy & Business Events — Verified Historical Highlights
1935 Economy & Business Events — Verified Historical Highlights | TakeMeBack.to
- 01 Jan Eastern Airlines leadership change: A leadership change occurred at Eastern Airlines on January 1, 1935, which was pivotal for the company's future direction. This transition was part of the broader evolution of the airline industry during that era. source: britannica.com
- 10 Feb First US Streamlined Electric Railroad Engine Enters Service: On February 10, 1935, the Pennsylvania Railroad began regular revenue service with its new electric locomotives, marking a significant advancement in rail transport. source: en.wikipedia.org
- 18 Feb Canada introduces unemployment insurance: On February 18, 1935, Canada introduced unemployment insurance, marking a significant development in the country's social welfare system.
- 11 Mar Canada's First National Paper Money Issued: On March 11, 1935, Canada issued its first national paper money, known as the 'Bank of Canada notes,' marking a significant development in the country's financial history. source: en.wikipedia.org
- 13 Mar Roosevelt grants Pan Am strategic Pacific runway rights: On March 13, 1935, President Franklin D. Roosevelt granted Pan American Airways strategic rights to operate a runway in the Pacific, facilitating air travel and commerce across the ocean. This decision was pivotal in the development of transpacific aviation routes. source: britannica.com
- 14 Apr Works Progress Administration Established: On April 8, 1935, the U.S. Congress approved the Emergency Relief Appropriation Act, leading to the establishment of the Works Progress Administration (WPA) on May 6, 1935. source: loc.gov
- 25 Apr Cambrian Airways Establishment: On April 25, 1935, Cambrian Airways was officially established in the United Kingdom, marking the beginning of a new regional airline that would play a significant role in British aviation history.
- 01 May Canada's First Silver Dollar Commemorates King George V: On May 1, 1935, Canada issued its first silver dollar coin, featuring an image of King George V. This coin marked a significant milestone in Canadian numismatic history and was part of the nation's efforts to establish a distinct national identity. source: en.wikipedia.org
- 05 Jul Canadian Wheat Board established: The Canadian Wheat Board (CWB) was established on July 5, 1935, to market wheat and barley in Canada. It aimed to stabilize prices and ensure fair returns for farmers. The CWB played a significant role in the Canadian agricultural economy until its dissolution in 2012. source: cbc.ca
- 13 Jul US-Soviet Commerce Treaty takes effect: On July 13, 1935, the United States and the Soviet Union signed a $30 million economic pact, marking a significant development in bilateral relations. This treaty aimed to promote trade and economic cooperation between the two nations. source: en.wikipedia.org
- 19 Jul Paris labor protests: On July 19, 1935, labor protests erupted in Paris, driven by demands for better working conditions and wages. These protests were part of a broader wave of labor unrest in Europe during the interwar period. The events highlighted the growing tensions between workers and employers amid economic challenges. source: bbc.com
- 25 Jul Birth of Adnan Khashoggi: Adnan Khashoggi, a Saudi Arabian businessman and arms dealer, was born on July 25, 1935, in Mecca, Saudi Arabia. He became known for his extensive geopolitical influence and opulent lifestyle, earning him the moniker "The Great Gatsby of the Middle East." source: en.wikipedia.org
- 05 Aug Leo Burnett Advertising Agency Founded in Chicago: The Leo Burnett Company, Inc., a prominent American advertising agency, was founded in Chicago on August 5, 1935. The agency became known for its innovative advertising campaigns and iconic brand mascots, significantly influencing the advertising industry. source: en.wikipedia.org
- 14 Aug Social Security Act Signed into Law: On August 14, 1935, U.S. President Franklin D. Roosevelt signed the Social Security Act into law. This landmark legislation established the Social Security program, providing financial assistance to retirees, the unemployed, and disabled individuals, marking a significant development in the American welfare state. source: ssa.gov
- 23 Aug Banking Act of 1935 restructures Federal Reserve: The Banking Act of 1935 was enacted to reorganize the Federal Reserve System, enhancing its authority and centralizing control over monetary policy. source: federalreservehistory.org
- 31 Aug Economic Legislation: President Roosevelt signed the Guffey Coal Act and the Revenue Act of 1935, significant legislative measures aimed at regulating the coal industry and revising the tax code to support economic recovery during the Great Depression.
- 07 Oct French dockworkers protest Italian actions: On October 7, 1935, French dockworkers protested against Italian actions in Ethiopia, expressing solidarity with the Ethiopian people. source: en.wikipedia.org
- 08 Oct Mussolini implements strict currency control: On October 8, 1935, Italian dictator Benito Mussolini implemented strict currency controls in response to economic pressures and international sanctions following Italy's invasion of Abyssinia. This move aimed to stabilize the Italian economy amid growing isolation from other nations. source: britannica.com
- 25 Oct South Wales Miners' Strike Conclusion: The underground miners' strike in South Wales came to an end on October 25, 1935, concluding a period of labor tension and industrial dispute in the Welsh mining communities.
- 08 Nov Congress of Industrial Organization (CIO) founded: The Congress of Industrial Organizations (CIO) was founded on November 8, 1935, as a federation of unions in the United States. It aimed to organize workers in mass production industries and improve labor rights. source: britannica.com
- 14 Nov Formation of Congress of Industrial Organizations: The Congress of Industrial Organizations (CIO) was established in 1935, representing a significant moment in American labor history. The CIO would play a crucial role in organizing industrial workers and advocating for workers' rights throughout the mid-20th century.
- 15 Nov US-Canada reciprocal trade agreement: On November 15, 1935, the United States and Canada signed a reciprocal trade agreement aimed at reducing tariffs and fostering economic cooperation between the two nations. This agreement was significant in shaping North American trade relations. source: britannica.com
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