Sunday, February 14, 2016

What was the first major action FDR took as president?Franklin Delano Roosevelt's first major action.

Franklin Delano Roosevelt (1882-1945) was inaugurated as
President on March 4, 1933. The very next day, he issued Proclamation 2038,
which convened an Emergency Session of Congress, which met on March 9th.  From that date
until June 16th, fifteen legislative proposals were enacted into law in what has become
known as "The First Hundred Days." However, on March 6th, he issued Proclamation 2039,
in which he declared a "Bank Holiday," which shut down the banking industry for several
days.  Additionally, by this proclamation, he effectively took the United States off the
gold standard by forbidding bank transactions in gold, supposedly deriving his authority
to do so by invoking provisions of the Trading With the Enemy Act of
1917.

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