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| 1927, April 8 |
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| Gustav Zemgalis, president. | 1 |
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| 1928, Jan. 14 |
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| The conservative parties for the first time formed a government. | 2 |
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| 1930, April 9 |
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| Albert Kviesis, president. | 3 |
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| 1931 |
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| The credit crisis in Germany led to a sudden withdrawal of gold and credit reserves from Latvian banks. On July 22, the government imposed a banking moratorium to prevent Latvia's financial collapse and continued with more emergency legislation. | 4 |
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| 1932, July 25 |
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| Conclusion of a nonaggression pact with Soviet Russia. | 5 |
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| 1934, May 15 |
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COUP D'ÉTAT OF KARLIS ULMANIS, the prime minister, assisted by Gen. J nis Balodis. | 6 |
| The new Government of National Unity dissolved the Saiema and all political parties. The government fostered corporatism with the formation, in Jan. 1936, of a national economic council, made up of the elected boards of the newly created chambers of commerce, industry, agriculture, artisans, and labor. A state cultural council was also created, consisting of the boards of the Chamber of Professions and the Chamber of Literature and Art. The president also convoked a joint state council, which acted much like a consultative legislature. Finally, municipal and rural self-government switched over to a system of elections along guild, rather than political, lines. Martial law, however, continued until Feb. 1938, when the government replaced it with a new law for the defense of the state. Civil liberties remained curtailed. | 7 |
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| Sept. 12 |
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| Latvia joined the Baltic pact with Lithuania and Estonia (See Overview). | 8 |
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