Starting in his "First Hundred Days"

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Starting in his "First Hundred Days"

Post  jukido on Sun Jul 31, 2011 4:13 am

Starting in his "First Hundred Days" in office, which began March 4, 1933, Roosevelt launched major legislation and a profusion of executive orders that gave form to the New Deal—a complex, interlocking set of programs designed to produce relief (especially government jobs for the unemployed), recovery (of the economy), and reform (through regulation of Wall Street, banks and transportation). The economy improved rapidly from 1933 to 1937, but then went into a deep recession. The bipartisan Conservative Coalition that formed in 1937 prevented his packing the Supreme Court or passing much new legislation; it abolished many of the relief programs when unemployment practically ended during World War II. Most of the regulations on business were ended about 1975–85, except for the regulation of Wall Street by the Securities and Exchange Commission, which still exists. Along with several smaller programs, major surviving programs include the Federal Deposit Insurance Corporation, which was created in 1933, and Social Security, which Congress passed in 1935.

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