jan 1, 1933 - The New Deal
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Franklin D. Roosevelt was elected president after the Great Depression due to Hoover's inability to lead Americans out of the Depression. President Roosevelt (FDR) from the beginning of his presidency set the greatest example of the office of the presidency taking direct action to improve shelves of Americans. In March 1933, FDR issued an executive order for a bank holiday by which banks shut down for days to calm panic. He also passed the Glass-Steagall Act which insured saving o up to $5,000 and separated commercial banks from investment banks in order to avoid risky speculation. Therefore, he directly intervened as the Executive branch to regulate financial markets and increased regulations dramatically. FDR also set up the Public Works Administration (PWA) through which he used federal funds to rebuild American infrastructure and employed thousand of Americans. Therefore, FDR strengthened Executive power by using the office of the presidency to directly provide relief to the poor, to stimulate the economy and to regulate the American economy.
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