Difference between revisions of "Emergency Banking Act"
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==External Links== | ==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] | * [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] | ||
| + | [[Category:United States Law]] | ||
Revision as of 21:00, February 24, 2017
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The Act was superceded by the Banking Act of 1933,(Known as the Glass-Steagall Act) enacted on June 16th, 1933.