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Unformatted text preview: FDR's inaugural address promised a war against the Great Depression, and he indeed moved quickly upon entering office. As any action was welcome after the inaction of the Hoover administration, Roosevelt received the absolute support of Congress and of the people. He declared a nationwide banking holiday from March 6–10, 1933, and halted all gold transactions in order to open the banks on a sounder basis. He also called a Democrat-dominated and very green Congress into special session. Congress members stayed at their task from March 9 through June 16 in a session dubbed "the Hundred Days" and passed much of the legislation that formed the New Deal. Legislation passed during the New Deal era had three often conflicting or obstructing goals: Relief, Recovery, and Reform to prevent the recurrence of the boom and bust cycle that had caused the depression in the first place. Roosevelt called this first round cycle that had caused the depression in the first place....
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This note was uploaded on 12/14/2011 for the course HIST 2320 taught by Professor Siegenthaler during the Fall '07 term at Texas State.
- Fall '07