March 11-March 18, 1933
President Franklin Delano Roosevelt took office March 3, in a situation where more than 25% of the American workforce were officially unemployed, banks and business were failing hand over fist, and the nation was enmired in depression, both physically and in spirit. He did not wait an instant, but moved vigorously to restore confidence in the U.S. banking system, and to set the basis for reviving the U.S. economy. Under his bold leadership, this was the most dense period of executive action in U.S. history, and represented the first steps to reviving the principle of the General Welfare in the U.S. government. --more
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