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Franklin D. Roosevelt calls Congress into special session, sending up as his first piece of proposed legislation a bill to stabilize the country's failing banking system. Congress passes the bill that very day.
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Congress passes Franklin D. Roosevelt's economy bill, slashing government spending by cutting $500 million in scheduled payments to veterans and federal employees.
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Franklin D. Roosevelt conducts his first "Fireside Chat," going on the radio to communicate directly with the American people. Roosevelt reassures the country that its banks are now safe for business.
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Franklin D. Roosevelt lifts the nationwide bank holiday he imposed one week earlier. Customers, buoyed by FDR's confidence in the banking system, deposit more money than they withdraw, ending the country's banking crisis.
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Congress creates the Civilian Conservation Corps, which will put 250,000 young unemployed men to work in reforestation and development of the National Parks and Forests.
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Congress passes the Federal Emergency Relief Act, distributing hundreds of millions of dollars to the states for dispersal to the one-fourth of the national workforce unable to obtain jobs.
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Franklin D. Roosevelt signs into law the Agricultural Adjustment Act, which seeks to alleviate rural misery by reducing farm output and raising prices.
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Congress passes the Federal Securities Act, for the first time committing the federal government to the regulation of Wall Street.
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Congress passes the National Industrial Recovery Act, the signature piece of legislation of the First New Deal, which Roosevelt hopes will lift the industrial economy out of Depression.
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Congress creates the Federal Housing Administration to insure loans for construction and repairs of homes.
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Congress passes the Emergency Relief Appropriations Act, which allocates $5 billion for work relief projects administered through the new Works Progress Administration, which will ultimately employ more than eight million Americans.
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In Schechter v. United States, the Supreme Court rules that the National Industrial Recovery Act—the centerpiece of the First New Deal—is unconstitutional.
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Franklin D. Roosevelt signs the Social Security Act, the signature piece of legislation of the entire New Deal era, which permanently changes the relationship between the American people, their government, and the free market.
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The Supreme Court upholds the constitutionality of the National Labor Relations Act.
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The Supreme Court upholds the constitutionality of the Social Security Act.
