Today I got my hands on a 1937 yearbook. I’ve been collecting yearbooks for many years, and have found that yearbooks from the 1930s decade are virtually non-existent. Annuals from the 1920s, however, are much easier to find. I chalk it up to the fact that during The Great Depression, which encompasses all of the 1930s, people were more concerned with getting food on the table and finding shelter than ponying up the cash for a yearbook, if they even could afford a university education. I imagine demand was not great, so fewer were printed than in the prior decade. But that is only my wager.
In any case, celebration and decadence still existed for some, as evidenced by the Delta Theta Phi banquet dinner in these images. Holidays were still holidays, and life went on.