1929: Calvin Coolidge is sworn in as the 31st President of the United States 1930: Congress passes the "Economic Deregulation act", which peels back several regulations of the Roosevelt, Lafolette, and Smith presidencies. 1931: Despite a booming economy, Coolidge acknowledges that he will not be seeking a second term as president. 1934: Roosevelt suspends the gold standard, to the ire of conservatives. 1935: The economy is still weak, but has improved since Roosevelt has taken office