The 5th Chess Olympiad (known at the time as the Folkestone Team Tournament or the Hamilton-Russell Cup) is held in Folkestone. The United States wins the gold medal, Czechoslovakia silver, and Sweden bronze.
Chess Review is established by Isaac Kashdan. The leading American chess magazine for most of its run, the Chess Review would be published from January 1933 until November 1969 when it merged with Chess Life to form Chess Life & Review.