The Acts of the First Hundred Day's of Franklin Delano Roosevelt's Presidency and How Similar Acts Could Be Used in the Current Recession
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- Category: Politics: Political Science
- Date Submitted: 12/03/2010 01:39 PM
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It is no secret that the American economy has had its ups and downs. One of the most famous downs was the Great Depression beginning in 1929 and lasting through the early 1940s. Out of the Great Depression arose many acts enlisted by Congress to aid the economy. The American economy is currently in a recession that has been called the second depression by some. Could any of the acts of Great Depression be reworked to address todays issues. Times may not be as hard as they were during the Great Depression but many American have lost their jobs and homes in this recession. Is there anything the government can do to stop this landslide before it gets any worse?
When Franklin D. Roosevelt(FDR) entered the presidency in 1933 he immediately called congress into a special secession and began to present recovery and reform measures. This began what is now referred to as the “Hundred Days” it included the first 99 days of Roosevelt's presidency. During these first hundred days congress passed many acts including the Emergency Banking Act, the Economy Act, the Civilian Conservation Corps Act, Beer- Wine Revenue Act, Federal Emergency Relief Act, the Agriculture Adjustment Act, the Tennessee Valley Authority Act, and the Federal Securities Act. Could any of these acts be revised and make a positive impact on todays economy
“As soon s FDR took office in 1933 he took sweeping action to turn around the plummeting economy.”(1) In attempt to halt bank closures he declared a bank holiday from March 6th to March 9th 1933, which was called the Emergency Banking Act. He did this in order to lessen the staggering amount of runs on the banks. The act sought to reinstall in the banking system and regain stability. The runs on the banks only compounded problem that the banks were having after the stock market crash, the American people thought their money was no longer safe in the banks and went to the bank to pull all their money. Today, as we know today banks often don’t have very...
When Franklin D. Roosevelt(FDR) entered the presidency in 1933 he immediately called congress into a special secession and began to present recovery and reform measures. This began what is now referred to as the “Hundred Days” it included the first 99 days of Roosevelt's presidency. During these first hundred days congress passed many acts including the Emergency Banking Act, the Economy Act, the Civilian Conservation Corps Act, Beer- Wine Revenue Act, Federal Emergency Relief Act, the Agriculture Adjustment Act, the Tennessee Valley Authority Act, and the Federal Securities Act. Could any of these acts be revised and make a positive impact on todays economy
“As soon s FDR took office in 1933 he took sweeping action to turn around the plummeting economy.”(1) In attempt to halt bank closures he declared a bank holiday from March 6th to March 9th 1933, which was called the Emergency Banking Act. He did this in order to lessen the staggering amount of runs on the banks. The act sought to reinstall in the banking system and regain stability. The runs on the banks only compounded problem that the banks were having after the stock market crash, the American people thought their money was no longer safe in the banks and went to the bank to pull all their money. Today, as we know today banks often don’t have very...