It was one of the major political crises during the Third Republic (1871–1940), and it entered the popular consciousness, especially that of the socialists, as an attempt to organize a fascist coup d'état.
As a result of the actions of that day, several anti-fascist organisations were created, such as the Comité de vigilance des intellectuels antifascistes, in an attempt to thwart the rise of fascism in France. More information here.