Saturday, November 19, 2016
Early FDR Presidency
President Roosevelt was elected in 1932 after he promised Americans he would help the country recover from the depression and go into better times. He beat President Hoover, who wanted to let the economy fix itself without federal intervention, in a landslide election. Once he was inaugurated, he passed a record number of bills in three months with the intent of helping the economy. Some of these included the Reforestation Relief Act, which gave 250,000 men jobs maintaining forests and planting trees, and the Federal Securities Act, which regulated the sale of stocks and bonds. There were also smaller acts, such as the Beer-Wine Revenue Act the legalized the sale of beer and wine, that helped increase the money that was flowing into legal businesses to help the economy.
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