Difference between revisions of "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''',<ref>[http://digital.library.unt.edu/ark:/67531/metadc817258/m1/1/ Presidential Emergency Powers: The So-Called "War Powers Act of 1933"]</ref> was a legislative response to the [[Great Depression]] and was signed by President [[Franklin Delano Roosevelt]] on March 9th, 1933. | + | The '''Emergency Banking Act''', officially titled the '''Emergency Banking Relief Act''', also sometimes known as the '''War Powers Act of 1933''',<ref name=CRSReport>[http://digital.library.unt.edu/ark:/67531/metadc817258/m1/1/ Presidential Emergency Powers: The So-Called "War Powers Act of 1933"]</ref> 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.<ref name=CRSReport /> |
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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==References== | ==References== | ||
<references /> | <references /> | ||
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| + | ==External Links== | ||
| + | * [https://fee.org/articles/fdr-goes-to-war-how-expanded-executive-power-spiraling-national-debt-and-restricted-civil-liberties-shaped-wartime-america/ FDR Goes to War: How Expanded Executive Power, Spiraling National Debt, and Restricted Civil Liberties Shaped Wartime America] | ||
Revision as of 19:54, 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 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 superceded by the Banking Act of 1933,(Known as the Glass-Steagall Act) enacted on June 16th, 1933.