In 1932, Thailand faced with the economic and political crisis which affected the country through the world slump or depression. Dissidence gradually increased and on June 24, 1932 almost 700 years of absolute monarchy in Thailand terminated with a bloodless coup d' etat organised by middle level civil servants and military officers. A revolution to set up a new regime had been considered by Luang Phibun Songkhram, a young army officer, and Dr. Pridi Banomyong, a young lawyer and Phraya Phahol Phonphayuhasena on behalf of the People's Party