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FDR wins election
FDR and the Democrats win the election by a landslide. Democrats take control of both houses of Congress. -
The "Bank Holiday"
FDR issues a proclamation declaring a four-day "bank holiday" throughout the nation effective March 6. All banking transactions stop and embargo on exportation of gold, silver, and currency. Summons Congress to special session for March 9. -
Period: to
"Hundred Days"
"Hundred Days" session FDR gets a willing Congress to enact many of the New Deal programs. This first day Congress passes the Emergency Banking Act, giving FDR broad powers over banks and foreign exchange. Bank holiday ends March 10--banks can reopen when they prove that they are solvent. Within three days, 1000 banks will reopen and national confidence picks up. -
Establishment of CCC
Congress passes the Reforestation Relief Act, establishing the Civilian Conservation Corps (CCC); it provides work immediately for 250,000 young men (18-25) in reforestation, road construction and developing national parks. Work camps begin to spring up. By the time it eases in 1941, two million people have worked on its projects. -
Federal Emergency Relief Act passed
Congress passes the Federal Emergency Relief Act, which authorizes immediate grants to states for relief projects. Unemployment has reached 14 million-over one quarter of the nation's work force. -
Roosevelt signs the Agricultural Adjustment Act
Roosevelt signs the Agricultural Adjustment Act to provide immediate relief to farmers by setting prices for agricultural products and paying subsidies to farmers for curtailing production of certain crops that were in surplus. -
Tennessee Valley Authority established by Congress
Congress establishes the Tennessee Valley Authority (TVA) to construct dams and power plants along the Tennessee Valley; electricity will go to residents, many of whom lacked it previously, and fertilizer will be sold. -
Federal Securities Act passed.
Congress passes the Federal Securities Act to monitor and regulate stocks and bonds. -
National Employment System Act passed.
Congress passes the National Employment System Act. -
Home Owners Refinancing Act
Congress passes the Home Owners Refinancing Act to provide mortgage money and other aid to homeowners. It will go out of business in June 1936 after providing loans for some one million mortgages. -
Final day of "Hundred Days" session.
The final day of the "Hundred Days" session. Congress passes the National Industrial Recovery Act (NIRA) establishing the Public Works Administration (PWA) and the National Recovery Administration (NRA). The PWA is authorized to supervise the construction of roads, public buildings and other projects while providing employment. Secretary of the Interior Harold Ickes is tapped to head the PWA. The NRA's goal is to stimulate competition and benefit producers and consumers by implementing vario -
National Labor Board established.
FDR establishes by executive order, the National Labor Board to enforce the right of collective bargaining. -
Civil Works Administration established.
FDR establishes by executive order the Civil Works Administration (CWA) to provide work for some four million unemployed over the winter months. It ceases operation in March 1934. -
Prohibition ends.
The 21st Amendment goes into effect, repealing the 18th Amendment and ending prohibition.
