A bloodless revolution took place in 1932, in which Prajadhipok was forced to grant the country's first constitution, thereby ending centuries of feudal and absolute monarchy. The combined results of economic hardships brought on by the Great Depression, sharply falling rice prices, and a significant reduction in public spending caused discontent among aristocrats. In 1933, a counter-revolutionary rebellion occurred which aimed to reinstate absolute monarchy, but failed. Prajadhipok's conflict with the government eventually led to abdication. The government selected Ananda Mahidol, who was studying in Switzerland, to be the new king.