The formation, under state supervision and control, of the Sumer Bank to promote and manage industry. In 1935 the state organized the Eti Bank for mining projects.
Conclusion of the Balkan Pact by Turkey, Yugoslavia, Greece, and Romania. The signatories promised to respect one another's independence and territorial integrity.
Legal requirement of Turks to use surnames, like Westerners. Prior to this law, Turks had mainly used patronymic names, like most other Middle Easterners.