First 100 Days of Roosevelt Administration

March 9 The Emergency Banking Relief Act

March 20 The Economy Act

March 31 Civilian Conservation Corps (A public works project, operated under the control of the army, which was designed to promote environmental conservation while getting young, unemployed men off city street corners. Recruits planted trees, built wildlife shelters, stocked rivers and lakes with fish, and cleared beaches and campgrounds. The CCC housed the young men in tents and barracks, gave them three square meals a day, and paid them a small stipend.)

April 19 Abandonment of the gold standard

May 12 Federal Emergency Relief Act

May 12 Agricultural Adjustment Act (AAA)— (Designed to help American farmers by stabilizing prices and limiting overproduction, the AAA initiated the first direct subsidies to farmers who did not plant crops. The United States Supreme Court later declared the AAA unconstitutional and an unnecessary invasion of private property rights.)

May 12 Emergency Farm Mortgage Act—provided for refinancing farm mortgages

May 18 Tennessee Valley Authority Act (One of the most ambitious and controversial New Deal projects, the TVA proposed building dams and power plants along the Tennessee River to bring electric power to rural areas in seven states. Although the TVA provided many Americans with electricity for the first time and provided jobs to thousands of unemployed construction workers, the program outraged many private power companies)

May 27 Federal Securities Act—required full disclosure in the issue of new securities

June 5 Gold Repeal Joint Resolution—abrogated gold clause in public and private contracts

June 13 Home Owners’ Loan Act—set up Home Owners’ Loan Corporation to refinance home mortgages

June 16 National Industrial Recovery Act— (Provided for system of industrial self-regulation under federal supervision and for a $3.3 billion public-works program and established the NIRA established the NRA (National Recovery Administration) to stimulate production and competition by having American industries set up a series of codes designed to regulate prices, industrial output, and general trade practices. The federal government, in turn, would agree to enforce these codes. In return for their cooperation, federal officials promised to suspend anti-trust legislation. Section 7A of the NIRA recognized the rights of labor to organize and to have collective bargaining with management. The NIRA was the most controversial piece of legislation to come out of the Hundred Days and many of its opponents charged it with being un-American, socialist, even communist, even though it did not violate the sanctity of private property or alter the American wage system.)

June 16 Glass-Steagall Banking act—separated commercial and investment banking and establishing the Federal Deposit Insurance Corporation

June 16 Farm Credit Act—reorganized the agricultural credit system