Recession of 1937-38
America’s third-worst downturn of the 20th century
Banking Act of 1935
This legislation restructured the Fed in both cosmetic and consequential ways
Gold Reserve Act
The 1934 law was the culmination of FDR’s controversial gold program
Banking Act of 1933
Commonly called Glass-Steagall, the Act was widely debated before its enactment
Roosevelt’s Gold Program
The controversial and consequential policies of FDR regarding gold and dollars
Emergency Banking Act
The 1933 law was aimed at restoring public confidence in the nation’s financial system
Bank Holiday of 1933
For an entire week in March 1933, all banking transactions were suspended
Emergency Lending to Nonbank Borrowers
The Emergency Relief and Construction Act of 1932 expanded the Fed's ability to make certain loans under "unusual and exigent circumstances."
Banking Act of 1932
The Banking Act of 1932 reformed the Federal Reserve’s role providing credit during economic downturns.
Reconstruction Finance Corporation Act
During the years 1932 and 1933, the Reconstruction Finance Corporation effectively served as the discount lending arm of the Federal Reserve Board.
Banking Panics of 1931-33
Earlier regional banking panics turned into a nationwide financial crisis in fall 1931
Banking Panics of 1930-31
The U.S. appeared to be poised for economic recovery when a series of bank panics began in fall 1930
Crash of 1929
On October 28, 1929, the Dow declined nearly 13 percent
