Franklin Roosevelt Is The Last President Inaugurated On March 4

1933

The Twentieth Amendment is ratified in 1933, but not in time to change the date of the inauguration. As a result there is a five-month interval between Roosevelt’s election in November 1932 and his inauguration in March. The economy slips to the lowest level of the depression, with widespread bank failures, foreclosures, and unemployment. Neither the outgoing President Herbert Hoover nor the incoming President Roosevelt feels he has authority to confront those issues during the interregnum.