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THE FIRST 100 DAYS Roosevelt entered office at a time when fear and panic had paralyzed the nation. In a famous passage, historian Arthur Schlesinger described the mood at FDR's inauguration: "It was now a matter of seeing whether a representative democracy could conquer economic collapse. It was a matter of staving off violence -- even, some though -- revolution." FDR's natural air of confidence and optimism did much to reassure the nation. His inauguration on March 4 occurred literally in the middle of a terrifying bank panic -- hence the backdrop for his famous words: "The only thing we have to fear is fear itself." The very next day, to prevent a run on banks, he declared a "bank holiday," closing all banks indefinitely until bankers and government could regain control of the situation. The term "holiday" was meant to give a festive air to what was actually a desperate situation, but such was FDR's desire to provide hope to the nation. The Emergency Banking Bill, which strengthened, reorganized and reopened the most solvent banks, was passed overwhelmingly by Congress with little debate. On March 12, Roosevelt announced that the soundest banks would reopen. On March 13, deposits at those banks exceeded withdrawals -- a tremendous relief to a worried nation. "Capitalism was saved in eight days," said Raymond Moley, a member of the President's Brain Trust. The bank holiday was a vivid example of the effectiveness of government intervention in an economic crisis. Hoover had allowed two previous bank panics to run their course, which contributed to over 10,000 bank failures and $2 billion in lost deposits. The bank holiday secured Roosevelt's political reputation, and convinced both Congress and the public that the New Deal was the right road to follow. Roosevelt's strategy consisted of two parts: first, provide relief for those who needed it most, which often involved a redistribution of wealth from the rich to the poor. Second, provide long-lasting reform to the nation's economy, through reorganization and the creation of new agencies. Most of Roosevelt's policies can be described as "taking from one pocket to put in the other." Fixated with a balanced budget, and fretful when it was not, Roosevelt made sure that anything given to one sector of the economy was taken from somewhere else. He did not accept Keynes' recommendation to begin heavy deficit spending, and did not do so until the threat of World War II forced him to. Roosevelt's legendary "First 100 Days" concentrated on the first part of his strategy: immediate relief. From March 9 to June 16, 1933, FDR sent Congress a record number of bills, all of which passed easily. These included the creation of the Federal Emergency Relief Administration, the Civilian Conservation Corps, the Reconstruction Finance Corporation, and the Tennessee Valley Authority. Congress also gave the Federal Trade Commission broad new regulatory powers, and provided mortgage relief to millions of farmers and homeowners. The success of the First 100 Days was important, because it got the New Deal off to a strong and early start. If Roosevelt had not passed his agenda early, we would probably be without many New Deal programs we take for granted today.

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Q: Was Franklin D Roosevelt successful in his first 100 days?
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Related questions

What year was the New Deal most successful?

The very beginning of 1933-1934, especially during the first 100 days of Franklin Roosevelt's presidency.

When Franklin Roosevelt sent bill after bill was?

His first 100 days as president.

How many bills did Franklin Delano Roosevelt sign in his first 100 days?


What is the name of the new book about Franklin D Roosevelt's first 100 days?

FDR: The First 100 Days by Anthony J. Badger

What where the dates of Franklin D Roosevelt's first 100 days?

From March 9 to June 16, 1933

Why did Congress pass numerous pieces of legislation during the first Hundred Days of Franklin Roosevelt's administration?

Congress passed numerous pieces of legislature during the first hundred days of Franklin Roosevelt's administration to help solve the current depression. His New Deal policies helped the country recover.

How many terms was Franklin Roosevelt in office for?

Franklin Delano Roosevelt was elected U.S. President four times, but he served only 12 years and 39 days. His first term was shortened by 43 days due to ratification of the 20th Amendment (which changed Inauguration Day from March 4 to January 20), and he died 82 days into his fourth term.

Franklin D Roosevelt first hundred days?

booty me down was apart of fdr hundred days they all danced the pain away and eventually everything got better

Did Franklin Roosevelt promise the Americans Happy Days to restore their confidence?

Franklin Roosevelt made promises to get votes. Restoring confidence may have been a side effect. I don't not think he specifically promised happy days.

What was Franklin Delano Roosevelt's 1932 campaign slogan?

Happy Days are Here Again

Was there a war being fought when Franklin D. Roosevelt died?

Franklin Delano Roosevelt died on April 12, 1945, during the closing days of World War II.

What did the record number of bills passed during the first hundred days of Franklin Roosevelt's administration indicate?

a commitment by the government to provide immediate relief

Who was the president of America in World War 2?

Franklin D Roosevelt And in the final days, following Roosevelts death, Harry Truman.Franklin D. Roosevelt and Harry Truman

What was the term of Franklin D. Roosevelt's presidency?

Franklin D. Roosevelt was elected to four four-year terms. His first term was shortened by a month and a half by the 20th Amendment, and he died three months into his fourth term. His Presidency lasted a total of 12 years and 39 days.

Whose campaign song was Happy Days Are Here Again?

Franklin D. Roosevelt

What was the Roosevelts first major action when he took over as president?

In the first 100 days of his presidency, Franklin Delano Roosevelt issued the New Deal, which strove to combat the poverty and unemployment of the Great Depression.

Who was the US President when Hitler was in power?

Franklin Roosevelt was the US when Hitler was in power. Roosevelt died 18 days before Hitler and Harry Truman was President those last 18 days.

Which president served the longest?

Franklin Roosevelt for 12 years, 1 month and 8 days.

What candidate had the theme song Happy Days are Here Again in the election of 1932?

Franklin Roosevelt

What was the campaign song for Franklin Roosevelt's 1932 presidential election?

Happy Days Are Here Again

What president launched releif measures during his 100 days as president?

President Franklin Delano Roosevelt launched his New Deal program during the first one hundred days of his first presidential term. As the effects of the Great Depression continued to grow, Roosevelt, with the cooperation of Congress tried several methods to bring some economic relief to the country.

Among the legislative acts passed during Franklin Roosevelt's first 100 days which one gave relief to artists actors and writers?

Works Progress Administration AKA WPA

What does the First Hundred Days refer to?

During the time of the Great Depression, Franklin D. Roosevelt enacted a series of reforms to relieve economic pressure, all of which went into effect during his first hundred days in office. Ever since, every president has been judged based on his first hundred days in office.

What where the First three months of New Deal?

The first three months, or the first one hundred days, was actually the first three months of Franklin D. Roosevelt's presidency. This is when he did the most to help the economy. He passed a lot of bills and started the majority of his programs in this time.

How did Franklin Roosevelt change the role of the federal government during his first hundred days?

the worst economic collapse in U.S. history, opened the way for a flood of legislation in 1933. Almost immediately after taking office, Roosevelt called on Congress to convene and began what would be known as the Hundred Days, which lasted until June 16, 1933