AceHistoryDesk – Today in History – Following his inauguration on March 4, Roosevelt immediately sought to stem the financial panic that had begun with the stock market crash of 1929 and to restore public confidence. He started by closing the nation’s banks on March 6. On June 16, 1933, FDR signed the Banking Act, which separated commercial banking from investment banking and established the Federal Deposit Insurance Corporation (FDIC). He also signed the Farm Credit Act, the Emergency Railroad Transportation Act, and the National Industrial Recovery Act (which created the Public Works Administration).
Ace Press News From Cutting Room Floor: Published: Jun.16: 2024: History Today News: TELEGRAM Ace Daily News Link https://t.me/YouMeUs2
@acenewsservices
U.S. Army Corps of Engineers
June 16, 1933, also marked the end of the first hundred days of the presidency of Franklin Delano Roosevelt (FDR). Those one hundred days were a period of frenetic activity.
The investment of federal monies in a series of public works programs, which provided desperately needed jobs, formed an integral part of Roosevelt’s domestic agenda, the New Deal. Under Secretary of the Interior Harold Ickes, the Public Works Administration initiated and oversaw about 34,000 public works projects. Millions of unemployed Americans went to work in the 1930s in programs such as the Work Projects Administration (originally named the Works Progress Administration), the Civilian Conservation Corps, and the Tennessee Valley Authority.Electric Phosphate Smelting Furnace Used to Make Elemental Phosphorus…vicinity of Muscle Shoals, Alabama.
The Folklore Project of the Federal Writers’ Project, a New Deal program established in 1935, employed writers to collect life histories from a broad spectrum of American citizens. Many of those interviewed expressed gratitude for the New Deal programs:
I am heartily in favor of the New Deal, and its results are apparent even in my neighborhood. In former years, my pastor…was often hard put to it to take care of some of his flock. But the work furnished and the wages paid to those in our neighborhood on the WPA [Works Progress Administration] are apparent, and if it is so in this small section, what must its accomplishments and rehabilitative affects be throughout the United States?
“Mrs. Eulalia McCranie.” Rose Shepherd, interviewer; Jacksonville, Florida, ca. February 23, 1939. American Life Histories: Manuscripts from the Federal Writers’ Project, 1936 to 1940. Manuscript Division normal
To my mind one of the greatest accomplishments of the New Deal has been the organization of the Civilian Conservation Camps. The training given the boys will be of lasting benefit. They have changed many a boy from a liability to a valuable asset to his country. They have kept thousands of boys off the roads just idly roaming over the country…
“Women and the Changing Times.” Mrs. J.R. Byrd, interviewee; Mrs. Daisy Thompson, interviewer; Augusta, Georgia, February 8 & 16, 1940. American Life Histories: Manuscripts from the Federal Writers’ Project, 1936 to 1940. Manuscript Division normal
At Sterling Publishing & Media Service Agency, we value transparency and accountability. We want to inform you that we are not responsible for any external content, links, or posts. Nonetheless, we are dedicated to providing exceptional services and sincerely appreciate your support. Thank you.
@acenewsservices
