Emergency Banking Act

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The Emergency Banking Act, officially titled the Emergency Banking Relief Act, also sometimes known as the War Powers Act of 1933,[1] was a legislative response to the Great Depression and was signed by President Franklin Delano Roosevelt on March 9th, 1933. The act amended the World War I era law, the Trading with the Enemy Act of 1917.[1]

The Act set the tone for the New Deal with FDR asserting that he could use war powers to deal with the crisis despite the lack of an actual war.[2]

The Act was superseded by the Banking Act of 1933,(Known as the Glass-Steagall Act) enacted on June 16, 1933.

See also


  1. 1.0 1.1 Presidential Emergency Powers: The So-Called "War Powers Act of 1933"
  2. Liberals and the People, National Review

External links