Difference between revisions of "Emergency Banking Act"
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Revision as of 19:39, June 2, 2016
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 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]