When the stock market in the United States crashed on 24 October 1929, the effect in Germany was dire. Millions were thrown out of work and several major banks collapsed. Hitler and the Nazis prepared to take advantage of the emergency to gain support for their party. They promised to strengthen the economy and provide jobs. Many voters decided the Nazi Party was capable of restoring order, quelling civil unrest, and improving Germany's international reputation. After the federal election of 1932, the party was the largest in the Reichstag, holding 230 seats with 37.4 percent of the popular vote.