Changes Under Roosevelt

President Franklin Delano Roosevelt was inaugurated on March 4, 1933 as the 32nd President of the United States. From March 9th to June 16th, 1933, Roosevelt’s "Hundred Days," the President and Congress enact the following legislation as part of a "New Deal" with the personal assurance of Roosevelt that "the only thing we have to fear is fear itself."

March 9, 1933 - The Emergency Banking Act - allowing banks to reopen as soon as they can prove their solvency. 1,000 banks reopen in three days.

March 22, 1933 - The Volstead Act - anticipating repeal of the 18th Amendment, enacts a high tax on beer and wine and alcohol over 3.2% to fund programs with a new federal tax.

March 31, 1933 - The Reforestation Relief Act (C.C.C.) - will provide jobs for American youth. Between now and 1941, two million young men will have passed through reforestation, flood control and national park construction and maintenance camps.

April 19, 1933 - America comes off the gold-standard, making money available to more Americans and stimulating the economy.

May 12, 1933 - The Federal Emergency Relief Act - which authorizes immediate grants to states for individual relief projects.

May 18, 1933 - Congress establishes the T.V.A. The U.S. government gets into private enterprise building hydroelectricl power dams which were used for generating electricity, manufacturing and selling of power and fertilizer, establishing flodd control in seven states in the Tennessee Valley. By 1980, this government agency would provide 100 billion kilowatts of cheap electricity annually to the most remote parts of the valley.

June 6, 1933 - National Employment System Act - creating a national employment system and matching states funds.

June 13, 1933 - The Home Owners Refinancing Act - provides money and other aid to homeowners (for repairs and back taxes). By 1936, it will have given loans for mortgages to a million American workers.

June 16, 1933 - The National Recovery Act, (N.R.A.), the Public Works Administration, (P.W.A.), the Farm Credit Act, and the Federal Deposit Insurance Act, (F.D.I.C.) The N.R.A. and P.W.A. are authorized to supervose construction of roads, public buildings, and schools in order to provide jobs and prime the national economic pump. In the ensuing years, Grand Coulee Dam, New York’s Triborough Bridge and almose three quarters of the nations schoolhouses are built under these Roosevelt programs. The F.D.I.C. insures bank deposits up to $5,000.00.