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What event in '20's and '30's had significant impact?

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The two decades of peace between the world wars were witness to extraordinary events that affected not only certain people but also entire nations on both sides of the Atlantic. Some of these events were not necessarily all bad. With that in mind and aside from the obvious, World War II, what event do you think had a significant impact, positive or negative, on the people and society of the 1920s and 1930s?

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I would think that the event that had the largest magnitude (either positive or negative) during that period was the stock market crash in 1929 and the subsequent great depression. The drop in share prices created bankruptcies and severe macroeconomic difficulties such as business closures, mass layoffs and other economic repression measures. The increase of mass unemployment and the depression was widely regarded as a direct result of the Crash.

More detail on the stock market crash:

After World War I, the "Roaring Twenties" was fueled by increased industrialization and new technologies, such as the radio the automobile, and the airplane. As the Dow Jones Industrial Average (DJIA) increased, many people entered the market. Due to the ...

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