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Unformatted text preview: The Hundred Days. The Hundred Days refers to the almost frantic period of legislative activity initiated by the White House between March and June 1933 to deal with the immediate economic crisis and the country's long-term recovery. On March 5, Roosevelt declared a four-day bank holiday. All financial institutions in the country were closed and, under the Emergency Banking Reform Act (March 9), only those that were fiscally sound were allowed to reopen. Roosevelt's quick action did much to restore faith in the banking system. The Glass-Steagall Banking Act (June 16) boosted confidence even further by setting up the Federal Deposit Insurance Corporation (FDIC), which guaranteed bank deposits up to $5,000. The Civilian Conservation Corps (March 31) addressed unemployment and provided work for young men between the ages of 18 and 25 in national parks and on road building, reforestation,...
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This note was uploaded on 11/19/2011 for the course HIST 1310 taught by Professor Marshall during the Fall '08 term at Texas State.
- Fall '08