The Federal Reserve Board issued a warning to the American public about "the excessive amount of the country's credit absorbed in speculative loans."[8] The New York Stock Exchange took a tumble on the same day, which was blamed on the Bank of England raising its discount rate by 1 percentage point, to 5.5%.[9][10]
Mexican President Emilio Portes Gil survived an assassination attempt when the train he was riding in was dynamited. A fireman was killed but Portes Gil was unhurt.[14]
Lowest ever temperature was recorded in Slovakia. The temperature of -41,0 °C was recorded in Vígľaš. As of 2022, the record remains in place.[17]
Died:Johann II, Prince of Liechtenstein, 88. Having succeeded to the throne in 1858 his reign of 70 years is the second-longest in European royal history, and the longest precisely documented tenure of any monarch without a regent since antiquity. His 75-year-old brother, Franz, became the new monarch.
Reichsbank President Hjalmar Schacht said in a speech before international delegates that Germany could no longer make its payments under the Dawes Plan.[18]
The results of voting for the very first Academy Awards were announced without fanfare, when the names of the winners published on the back page of the newsletter for the Academy of Motion Picture Arts and Sciences. The actual awards would be handed out in a ceremony on May 16.[25]
Five thousand homes along the Tietê River in Brazil were submerged during the country's worst flooding in four decades.[26]
The government of British Prime Minister Stanley Baldwin narrowly avoided defeat on an impending vote over the amount of compensation to be paid to Irish loyalists for losses taken since the truce in the Irish Free State. After many Conservative members voiced their intent to vote against the government for committing an amount they considered to be too low, Baldwin adjourned the debate with a view to reconsider the matter.[27]
British Foreign Affairs Secretary Austen Chamberlain was severely heckled in the House of Commons over the recent statement of ambassador Esme Howard suggesting that Britain would ask for a naval disarmament conference. Chamberlain seemingly contradicted Howard's assertion by insisting that the government had "no intention of issuing an invitation for a conference on this subject", and that Howard's statement was merely a personal opinion as to the possible course of events.[28]
Born:Amanda Blake (stage name for Beverly Neill), American stage, film and TV actress known for her role as "Miss Kitty" on Gunsmoke for 19 seasons; in Buffalo, New York (d. 1989)
The partly talking adventure film The Iron Mask, starring Douglas Fairbanks in his first speaking screen role, premiered at the Rivoli Theatre in New York City.[29]
The Utrecht newspaper Dagblad published an article reporting the details of the Franco-Belgian Accord, a secret military treaty between France and Belgium in effect since 1920. The alliance was primarily aimed at Germany but was also seen as threatening to the Dutch.[32]
Died:Frank Keenan, 70, American actor, director and manager
The foreign ministries of France and Belgium denounced the previous day's report in the Utrecht Dagblad as inaccurate. The Belgian ministry admitted that there had been a secret agreement but called the article's charges "absurd".[33]
An unknown man broke into a home in Miami Beach, Florida, where retired boxing champion Jack Dempsey was staying. The man fired a revolver when Dempsey jumped out of bed, but the bullet missed and the prowler retreated out the bedroom window and fled with an accomplice. It was not known whether it was a random burglary attempt or some kind of kidnapping plot against Dempsey.[34]
Charles Lindbergh and fiancée Anne Morrow escaped serious injury when the plane Lindbergh was piloting turned over upon landing at an airfield outside of Mexico City. Lindbergh dislocated his right shoulder in the accident but was able to drive back to the site of the crash after receiving medical treatment at the embassy. The accident was caused by a lost landing wheel.[37]
A police raid on communist headquarters in Hungary resulted in 60 arrests of mostly Russian or German nationals. Police claimed they had foiled a communist plot to overthrow the government.[39]
Holston, Kim R. (2013). Movie Roadshows: A History and Filmography of Reserved-Seat Limited Showings, 1911–1973. Jefferson, North Carolina: McFarland & Company, Inc. pp.64–65. ISBN978-0-7864-6062-5.
Winnewisser, Peter (2005). The Legendary Model A Ford: The Ultimate History of One of America's Great Automobiles. Iola, Wisconsin: K.P. Books. p.62. ISBN978-0-89689-231-6.
Ahmad, Feroz. "Kemal Atatürk and the Founding of Modern Turkey." Balkan Strongmen: Dictators and Authoritarian Rulers of South Eastern Europe. Ed. Bernd Jürgen Fischer. London: Purdue University Press, 2007. 160. ISBN978-1-55753-455-2.
Holston, Kim R. (2013). Movie Roadshows: A History and Filmography of Reserved-Seat Limited Showings, 1911–1973. Jefferson, North Carolina: McFarland & Company, Inc. p.262. ISBN978-0-7864-6062-5.
Blodgett, John; Connors, Martha; Griffith, Tom (2013). The Official Guide to America's National Parks (14th Ed.). New York: Fodor's. p.435. ISBN978-0-87637-127-5.
Maguire, Liam (2012). Next Goal Wins!: The Ultimate NHL Historian's One-of-a-kind Collection of Hockey Trivia. Random House Canada. p.9. ISBN978-0-307-36340-4.
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