Difference between revisions of "Emergency Banking Act"
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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.<ref>[http://www.nationalreview.com/corner/131267/liberals-and-people-jonah-goldberg Liberals and the People], [[National Review]]</ref> | 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.<ref>[http://www.nationalreview.com/corner/131267/liberals-and-people-jonah-goldberg Liberals and the People], [[National Review]]</ref> | ||
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| + | The Act was superceded by the Banking Act of 1933,(Known as the Glass-Steagall Act) enacted on June 16th, 1933. | ||
==See Also== | ==See Also== | ||
Revision as of 19:44, 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]
The Act was superceded by the Banking Act of 1933,(Known as the Glass-Steagall Act) enacted on June 16th, 1933.