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Cessna Aircraft Company closed its doors from 1932 until 1934 due to the state of the economy.
In 1934, Dwane Wallace, with the help of his brother Dwight, took control of the company and began the process of building it into what would become a global success.
In 1933, Cessna CR-3 custom racer took its first flight.
The plane won the 1933 American Air Race in Chicago and later set a new world speed record for engines smaller than 500 cubic inches by averaging.
In 1937, the Cessna C-37 was introduced as Cessna's first seaplane when equipped with Edo floats.

1.951 seconds.