A constitution is an aggregate of fundamental principles or established precedents that constitute the legal basis of a polity, organisation or other type of entity, determine how that entity is to be governed. When these principles are written down into a single document or set of legal documents, those documents may be said to embody a written constitution; some constitutions are uncodified, but written in numerous fundamental Acts of a legislature, court cases or treaties. Constitutions concern different levels of organizations, from sovereign countries to companies and unincorporated associations. A treaty which establishes an international organization is its constitution, in that it would define how that organization is constituted. Within states, a constitution defines the principles upon which the state is based, the procedure in which laws are made and by whom; some constitutions codified constitutions act as limiters of state power, by establishing lines which a state's rulers cannot cross, such as fundamental rights.
The Constitution of India is the longest written constitution of any country in the world, containing 444 articles in 22 parts, 12 schedules and 118 amendments, with 146,385 words in its English-language version. The Constitution of Monaco is the shortest written constitution, containing 10 chapters with 97 articles, a total of 3,814 words; the term constitution comes through French from the Latin word constitutio, used for regulations and orders, such as the imperial enactments. The term was used in canon law for an important determination a decree issued by the Pope, now referred to as an apostolic constitution; every modern written constitution confers specific powers to an organization or institutional entity, established upon the primary condition that it abide by the said constitution's limitations. According to Scott Gordon, a political organization is constitutional to the extent that it "contain institutionalized mechanisms of power control for the protection of the interests and liberties of the citizenry, including those that may be in the minority".
Activities of officials within an organization or polity that fall within the constitutional or statutory authority of those officials are termed "within power". For example, a students' union may be prohibited as an organization from engaging in activities not concerning students. An example from the constitutional law of sovereign states would be a provincial parliament in a federal state trying to legislate in an area that the constitution allocates to the federal parliament, such as ratifying a treaty. Action that appears to be beyond power may be judicially reviewed and, if found to be beyond power, must cease. Legislation, found to be beyond power will be "invalid" and of no force. In this context, "within power", intra vires, "authorized" and "valid" have the same meaning. In most but not all modern states the constitution has supremacy over ordinary statutory law, it was never "law" though, if it had been a statute or statutory provision, it might have been adopted according to the procedures for adopting legislation.
Sometimes the problem is not that a statute is unconstitutional, but the application of it is, on a particular occasion, a court may decide that while there are ways it could be applied that are constitutional, that instance was not allowed or legitimate. In such a case, only the application may be ruled unconstitutional; the remedy for such violations have been petitions for common law writs, such as quo warranto. Excavations in modern-day Iraq by Ernest de Sarzec in 1877 found evidence of the earliest known code of justice, issued by the Sumerian king Urukagina of Lagash ca 2300 BC; the earliest prototype for a law of government, this document itself has not yet been discovered. For example, it is known that it relieved tax for widows and orphans, protected the poor from the usury of the rich. After that, many governments ruled by special codes of written laws; the oldest such document still known to exist seems to be the Code of Ur-Nammu of Ur. Some of the better-known ancient law codes include the code of Lipit-Ishtar of Isin, the code of Hammurabi of Babylonia, the Hittite code, the Assyrian code and Mosaic law.
In 621 BC, a scribe named. In 594 BC, the ruler of Athens, created the new Solonian Constitution, it eased the burden of the workers, determined that membership of the ruling class was to be based on wealth, rather than by birth. Cleisthenes again
Franklin D. Roosevelt
Franklin Delano Roosevelt referred to by his initials FDR, was an American statesman and political leader who served as the 32nd president of the United States from 1933 until his death in 1945. A Democrat, he won a record four presidential elections and became a central figure in world events during the first half of the 20th century. Roosevelt directed the federal government during most of the Great Depression, implementing his New Deal domestic agenda in response to the worst economic crisis in U. S. history. As a dominant leader of his party, he built the New Deal Coalition, which realigned American politics into the Fifth Party System and defined American liberalism throughout the middle third of the 20th century, his third and fourth terms were dominated by World War II. Roosevelt is considered to be one of the most important figures in American history, as well as among the most influential figures of the 20th century. Though he has been subject to much criticism, he is rated by scholars as one of the three greatest U.
S. presidents, along with George Washington and Abraham Lincoln. Roosevelt was born in Hyde Park, New York, to a Dutch American family made well known by Theodore Roosevelt, the 26th president of the United States and William Henry Aspinwall. FDR attended Groton School, Harvard College, Columbia Law School, went on to practice law in New York City. In 1905, he married his fifth cousin once removed, Eleanor Roosevelt, they had six children. He won election to the New York State Senate in 1910, served as Assistant Secretary of the Navy under President Woodrow Wilson during World War I. Roosevelt was James M. Cox's running mate on the Democratic Party's 1920 national ticket, but Cox was defeated by Warren G. Harding. In 1921, Roosevelt contracted a paralytic illness, believed at the time to be polio, his legs became permanently paralyzed. While attempting to recover from his condition, Roosevelt founded the treatment center in Warm Springs, for people with poliomyelitis. In spite of being unable to walk unaided, Roosevelt returned to public office by winning election as Governor of New York in 1928.
He was in office from 1929 to 1933 and served as a reform Governor, promoting programs to combat the economic crisis besetting the United States at the time. In the 1932 presidential election, Roosevelt defeated Republican President Herbert Hoover in a landslide. Roosevelt took office while the United States was in the midst of the Great Depression, the worst economic crisis in the country's history. During the first 100 days of the 73rd United States Congress, Roosevelt spearheaded unprecedented federal legislation and issued a profusion of executive orders that instituted the New Deal—a variety of programs designed to produce relief and reform, he created numerous programs to provide relief to the unemployed and farmers while seeking economic recovery with the National Recovery Administration and other programs. He instituted major regulatory reforms related to finance and labor, presided over the end of Prohibition, he harnessed radio to speak directly to the American people, giving 30 "fireside chat" radio addresses during his presidency and becoming the first American president to be televised.
The economy having improved from 1933 to 1936, Roosevelt won a landslide reelection in 1936. However, the economy relapsed into a deep recession in 1937 and 1938. After the 1936 election, Roosevelt sought passage of the Judiciary Reorganization Bill of 1937, which would have expanded the size of the Supreme Court of the United States; the bipartisan Conservative Coalition that formed in 1937 prevented passage of the bill and blocked the implementation of further New Deal programs and reforms. Major surviving programs and legislation implemented under Roosevelt include the Securities and Exchange Commission, the National Labor Relations Act, the Federal Deposit Insurance Corporation, Social Security. Roosevelt ran for reelection in 1940, his victory made him the only U. S. President to serve for more than two terms. With World War II looming after 1938, Roosevelt gave strong diplomatic and financial support to China as well as the United Kingdom and the Soviet Union while the U. S. remained neutral.
Following the Japanese attack on Pearl Harbor on December 7, 1941, an event he famously called "a date which will live in infamy", Roosevelt obtained a declaration of war on Japan the next day, a few days on Germany and Italy. Assisted by his top aide Harry Hopkins and with strong national support, he worked with British Prime Minister Winston Churchill, Soviet leader Joseph Stalin and Chinese Generalissimo Chiang Kai-shek in leading the Allied Powers against the Axis Powers. Roosevelt supervised the mobilization of the U. S. economy to support the war effort and implemented a Europe first strategy, making the defeat of Germany a priority over that of Japan. He initiated the development of the world's first atomic bomb and worked with the other Allied leaders to lay the groundwork for the United Nations and other post-war institutions. Roosevelt won reelection in 1944 but with his physical health declining during the war years, he died in April 1945, just 11 weeks into his fourth term; the Axis Powers surrendered to the Allies in the months following Roosevelt's death, during the presidency of Roosevelt's successor, Harry S. Truman.
Franklin Delano Roosevelt was born on January 30, 1882, in the Hudson Valley town of Hyde Park, New York, to businessman James Roosevelt I and his second wife, Sara Ann Delano. Roosevelt's parents, who were sixth cousins, both came from wealthy old New York families, the Roosevelts, the Aspinwalls and the Delanos, respectively. Roo
President of the United States
The president of the United States is the head of state and head of government of the United States of America. The president directs the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces. In contemporary times, the president is looked upon as one of the world's most powerful political figures as the leader of the only remaining global superpower; the role includes responsibility for the world's most expensive military, which has the second largest nuclear arsenal. The president leads the nation with the largest economy by nominal GDP; the president possesses international hard and soft power. Article II of the Constitution establishes the executive branch of the federal government, it vests the executive power of the United States in the president. The power includes the execution and enforcement of federal law, alongside the responsibility of appointing federal executive, diplomatic and judicial officers, concluding treaties with foreign powers with the advice and consent of the Senate.
The president is further empowered to grant federal pardons and reprieves, to convene and adjourn either or both houses of Congress under extraordinary circumstances. The president directs the foreign and domestic policies of the United States, takes an active role in promoting his policy priorities to members of Congress. In addition, as part of the system of checks and balances, Article I, Section 7 of the Constitution gives the president the power to sign or veto federal legislation; the power of the presidency has grown since its formation, as has the power of the federal government as a whole. Through the Electoral College, registered voters indirectly elect the president and vice president to a four-year term; this is the only federal election in the United States, not decided by popular vote. Nine vice presidents became president by virtue of a president's intra-term resignation. Article II, Section 1, Clause 5 sets three qualifications for holding the presidency: natural-born U. S. citizenship.
The Twenty-second Amendment precludes any person from being elected president to a third term. In all, 44 individuals have served 45 presidencies spanning 57 full four-year terms. Grover Cleveland served two non-consecutive terms, so he is counted twice, as both the 22nd and 24th president. Donald Trump of New York is the current president of the United States, he assumed office on January 20, 2017. In July 1776, during the American Revolutionary War, the Thirteen Colonies, acting jointly through the Second Continental Congress, declared themselves to be 13 independent sovereign states, no longer under British rule. Recognizing the necessity of coordinating their efforts against the British, the Continental Congress began the process of drafting a constitution that would bind the states together. There were long debates on a number of issues, including representation and voting, the exact powers to be given the central government. Congress finished work on the Articles of Confederation to establish a perpetual union between the states in November 1777 and sent it to the states for ratification.
Under the Articles, which took effect on March 1, 1781, the Congress of the Confederation was a central political authority without any legislative power. It could make its own resolutions and regulations, but not any laws, could not impose any taxes or enforce local commercial regulations upon its citizens; this institutional design reflected how Americans believed the deposed British system of Crown and Parliament ought to have functioned with respect to the royal dominion: a superintending body for matters that concerned the entire empire. The states were out from under any monarchy and assigned some royal prerogatives to Congress; the members of Congress elected a President of the United States in Congress Assembled to preside over its deliberation as a neutral discussion moderator. Unrelated to and quite dissimilar from the office of President of the United States, it was a ceremonial position without much influence. In 1783, the Treaty of Paris secured independence for each of the former colonies.
With peace at hand, the states each turned toward their own internal affairs. By 1786, Americans found their continental borders besieged and weak and their respective economies in crises as neighboring states agitated trade rivalries with one another, they witnessed their hard currency pouring into foreign markets to pay for imports, their Mediterranean commerce preyed upon by North African pirates, their foreign-financed Revolutionary War debts unpaid and accruing interest. Civil and political unrest loomed. Following the successful resolution of commercial and fishing disputes between Virginia and Maryland at the Mount Vernon Conference in 1785, Virginia called for a trade conference between all the states, set for September 1786 in Annapolis, with an aim toward resolving further-reaching interstate commercial antagonisms; when the convention failed for lack of attendance due to suspicions among most of the other states, Alexander Hamilton led the Annapolis delegates in a call for a convention to offer revisions to the Articles, to be held the next spring in Philadelphia.
Prospects for the next convention appeared bleak until James Madison and Edmund Randolph succeeded in securing George Washington's attendance to Philadelphia as a delegate for Virginia. When the Constitutional Convention convened in May 1787, the 12 state delegations in attendance (Rh
A security is a tradable financial asset. The term refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some jurisdictions the term excludes financial instruments other than equities and fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g. equity warrants. In some countries and languages the term "security" is used in day-to-day parlance to mean any form of financial instrument though the underlying legal and regulatory regime may not have such a broad definition. In the United Kingdom, the national competent authority for financial markets regulation is the Financial Conduct Authority. In the United States, a security is a tradable financial asset of any kind. Securities are broadly categorized into: debt securities equity securities derivatives; the company or other entity issuing the security is called the issuer. A country's regulatory structure determines. For example, private investment pools may have some features of securities, but they may not be registered or regulated as such if they meet various restrictions.
Securities may be represented by a certificate or, more "non-certificated", in electronic or "book entry" only form. Certificates may be bearer, meaning they entitle the holder to rights under the security by holding the security, or registered, meaning they entitle the holder to rights only if he or she appears on a security register maintained by the issuer or an intermediary, they include shares of corporate stock or mutual funds, bonds issued by corporations or governmental agencies, stock options or other options, limited partnership units, various other formal investment instruments that are negotiable and fungible. Securities may be classified according to many categories or classification systems: Currency of denomination Ownership rights Terms to maturity Degree of liquidity Income payments Tax treatment Credit rating Industrial sector or "industry". Region or country Market capitalization State Securities are the traditional way that commercial enterprises raise new capital; these may be an attractive alternative to bank loans depending on their pricing and market demand for particular characteristics.
Another disadvantage of bank loans as a source of financing is that the bank may seek a measure of protection against default by the borrower via extensive financial covenants. Through securities, capital is provided by investors who purchase the securities upon their initial issuance. In a similar way, a government may issue securities too. Investors in securities may be retail, i.e. members of the public investing other than by way of business. The greatest part of investment, in terms of volume, is wholesale, i.e. by financial institutions acting on their own account, or on behalf of clients. Important institutional investors include investment banks, insurance companies, pension funds and other managed funds; the traditional economic function of the purchase of securities is investment, with the view to receiving income or achieving capital gain. Debt securities offer a higher rate of interest than bank deposits, equities may offer the prospect of capital growth. Equity investment may offer control of the business of the issuer.
Debt holdings may offer some measure of control to the investor if the company is a fledgling start-up or an old giant undergoing'restructuring'. In these cases, if interest payments are missed, the creditors may take control of the company and liquidate it to recover some of their investment; the last decade has seen an enormous growth in the use of securities as collateral. Purchasing securities with borrowed money secured by other securities or cash itself is called "buying on margin". Where A is owed a debt or other obligation by B, A may require B to deliver property rights in securities to A, either at inception or only in default. For institutional loans, property rights are not transferred but enable A to satisfy its claims in the event that B fails to make good on its obligations to A or otherwise becomes insolvent. Collateral arrangements are divided into two broad categories, namely security interests and outright collateral transfers. Commercial banks, investment banks, government agencies and other institutional investors such as mutual funds are significant collateral takers as well as providers.
In addition, private parties may utilize stocks or other securities as collateral for portfolio loans in securities lending scenarios. On the consumer level, loans against securities have grown into three distinct groups over the last decade: 1) Standard Institutional Loans offering low loan-to-value with
The New Deal was a series of programs, public work projects, financial reforms, regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1936, it responded to needs for relief and recovery from the Great Depression. Major federal programs included the Civilian Conservation Corps, the Civil Works Administration, the Farm Security Administration, the National Industrial Recovery Act of 1933 and the Social Security Administration, they provided support for farmers, the unemployed and the elderly. The New Deal included new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen sharply. New Deal programs included both laws passed by Congress as well as presidential executive orders during the first term of the presidency of Franklin D. Roosevelt; the programs focused on what historians refer to as the "3 Rs": relief for the unemployed and poor, recovery of the economy back to normal levels and reform of the financial system to prevent a repeat depression.
The New Deal produced a political realignment, making the Democratic Party the majority with its base in liberal ideas, the South, traditional Democrats, big city machines and the newly empowered labor unions and ethnic minorities. The Republicans were split, with conservatives opposing the entire New Deal as hostile to business and economic growth and liberals in support; the realignment crystallized into the New Deal coalition that dominated presidential elections into the 1960s while the opposing conservative coalition controlled Congress in domestic affairs from 1937 to 1964. By 1936, the term "liberal" was used for supporters of the New Deal and "conservative" for its opponents. From 1934 to 1938, Roosevelt was assisted in his endeavors by a "pro-spender" majority in Congress. In the 1938 midterm election and his liberal supporters lost control of Congress to the bipartisan conservative coalition. Many historians distinguish between a First New Deal and a Second New Deal, with the second one more liberal and more controversial.
The First New Deal dealt with the pressing banking crises through the Emergency Banking Act and the 1933 Banking Act. The Federal Emergency Relief Administration provided $500 million for relief operations by states and cities, while the short-lived CWA gave locals money to operate make-work projects in 1933–1934; the Securities Act of 1933 was enacted to prevent a repeated stock market crash. The controversial work of the National Recovery Administration was part of the First New Deal; the Second New Deal in 1935–1938 included the Wagner Act to protect labor organizing, the Works Progress Administration relief program, the Social Security Act and new programs to aid tenant farmers and migrant workers. The final major items of New Deal legislation were the creation of the United States Housing Authority and the FSA, which both occurred in 1937; the FSA was one of the oversight authorities of the Puerto Rico Reconstruction Administration, which administered relief efforts to Puerto Rican citizens affected by the Great Depression.
The economic downturn of 1937–1938 and the bitter split between the American Federation of Labor and Congress of Industrial Organizations labor unions led to major Republican gains in Congress in 1938. Conservative Republicans and Democrats in Congress joined in the informal conservative coalition. By 1942–1943, they shut down relief programs such as the WPA and the CCC and blocked major liberal proposals. Nonetheless, Roosevelt turned his attention to the war effort and won reelection in 1940–1944. Furthermore, the Supreme Court declared the NRA and the first version of the Agricultural Adjustment Act unconstitutional, but the AAA was rewritten and upheld. Republican president Dwight D. Eisenhower left the New Deal intact expanding it in some areas. In the 1960s, Lyndon B. Johnson's Great Society used the New Deal as inspiration for a dramatic expansion of liberal programs, which Republican Richard Nixon retained. However, after 1974 the call for deregulation of the economy gained bipartisan support.
The New Deal regulation of banking lasted. Several New Deal programs remain active and those operating under the original names include the Federal Deposit Insurance Corporation, the Federal Crop Insurance Corporation, the Federal Housing Administration and the Tennessee Valley Authority; the largest programs still in existence today are the Social Security System and the Securities and Exchange Commission. From 1929 to 1933 manufacturing output decreased by one third, which economists call the Great Contraction. Prices fell by 20 %. Unemployment in the United States increased from 4% to 25%. Additionally, one-third of all employed persons were downgraded to working part-time on much smaller paychecks. In the aggregate 50% of the nation's human work-power was going unused. Before the New Deal, there was no insurance on deposits at banks; when thousands of banks closed, depositors lost their savings as at that time there was no national safety net, no public unemployment insurance and no Social Security.
Relief for the poor was the respons
United States Congress
The United States Congress is the bicameral legislature of the Federal Government of the United States. The legislature consists of two chambers: the House of the Senate; the Congress meets in the United States Capitol in Washington, D. C.. Both senators and representatives are chosen through direct election, though vacancies in the Senate may be filled by a gubernatorial appointment. Congress has 535 voting members: 100 senators; the House of Representatives has six non-voting members representing Puerto Rico, American Samoa, the Northern Mariana Islands, the U. S. Virgin Islands, the District of Columbia in addition to its 435 voting members. Although they cannot vote in the full house, these members can address the house and vote in congressional committees, introduce legislation; the members of the House of Representatives serve two-year terms representing the people of a single constituency, known as a "district". Congressional districts are apportioned to states by population using the United States Census results, provided that each state has at least one congressional representative.
Each state, regardless of population or size, has two senators. There are 100 senators representing the 50 states; each senator is elected at-large in their state for a six-year term, with terms staggered, so every two years one-third of the Senate is up for election. To be eligible for election, a candidate must be aged at least 25 or 30, have been a citizen of the United States for seven or nine years, be an inhabitant of the state which they represent; the Congress was created by the Constitution of the United States and first met in 1789, replacing in its legislative function the Congress of the Confederation. Although not mandated, in practice since the 19th century, Congress members are affiliated with the Republican Party or with the Democratic Party and only with a third party or independents. Article One of the United States Constitution states, "All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives."
The House and Senate are equal partners in the legislative process—legislation cannot be enacted without the consent of both chambers. However, the Constitution grants each chamber some unique powers; the Senate ratifies treaties and approves presidential appointments while the House initiates revenue-raising bills. The House initiates impeachment cases. A two-thirds vote of the Senate is required before an impeached person can be forcibly removed from office; the term Congress can refer to a particular meeting of the legislature. A Congress covers two years; the Congress ends on the third day of January of every odd-numbered year. Members of the Senate are referred to as senators. Scholar and representative Lee H. Hamilton asserted that the "historic mission of Congress has been to maintain freedom" and insisted it was a "driving force in American government" and a "remarkably resilient institution". Congress is the "heart and soul of our democracy", according to this view though legislators achieve the prestige or name recognition of presidents or Supreme Court justices.
One analyst argues that it is not a reactive institution but has played an active role in shaping government policy and is extraordinarily sensitive to public pressure. Several academics described Congress: Congress reflects us in all our strengths and all our weaknesses, it reflects our regional idiosyncrasies, our ethnic and racial diversity, our multitude of professions, our shadings of opinion on everything from the value of war to the war over values. Congress is the government's most representative body... Congress is charged with reconciling our many points of view on the great public policy issues of the day. Congress is changing and is in flux. In recent times, the American south and west have gained House seats according to demographic changes recorded by the census and includes more minorities and women although both groups are still underrepresented. While power balances among the different parts of government continue to change, the internal structure of Congress is important to understand along with its interactions with so-called intermediary institutions such as political parties, civic associations, interest groups, the mass media.
The Congress of the United States serves two distinct purposes that overlap: local representation to the federal government of a congressional district by representatives and a state's at-large representation to the federal government by senators. Most incumbents seek re-election, their historical likelihood of winning subsequent elections exceeds 90 percent; the historical records of the House of Representatives and the Senate are maintained by the Center for Legislative Archives, a part of the National Archives and Records Administration. Congress is directly responsible for the governing of the District of Columbia, the current seat of the federal government; the First Continental Congress was a gathering of representatives from twelve of the thirteen British Colonies in North America. On July 4, 1776, the Second Continental Congress adopted the Declaration of Independence, referring to the new nation as the "United States of America"; the Articles of Confederation in 1781 created the Congress of the Confederation, a
73rd United States Congress
The seventy-third United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It met in Washington, D. C. from March 4, 1933, to January 3, 1935, during the first two years of Franklin D. Roosevelt's presidency; because of the newly ratified 20th Amendment, the duration of this Congress, along with the term of office of those elected to it, was shortened by the interval between January 3 and March 4, 1935. The apportionment of seats in the House of Representatives was based on the Fifteenth Census of the United States in 1930. Both chambers had a Democratic majority. March 4, 1933: Franklin D. Roosevelt became President of the United States January 3, 1934: The second session of 73rd Congress convened as mandated by the Twentieth Amendment to the United States Constitution, ratified one year earlier August 19, 1934: House Speaker Henry Thomas Rainey died of a heart attack.
The House had completed its work for this Congress and had adjourned. No Speaker was elected until the next Congress; the first session of Congress, known as the "Hundred Days", took place before the regular seating and was called by President Roosevelt to pass two acts: March 9, 1933: The Emergency Banking Act was enacted within four hours of its introduction. It was prompted by the "bank holiday" and was the first step in Roosevelt's "first hundred days" of the New Deal; the Act was drafted in large part by officials appointed by the Hoover administration. The bill provided for the Treasury Department to initiate reserve requirements and a federal bailout to large failing institutions, it removed the United States from the Gold Standard. All banks had to undergo a federal inspection to deem. Within a week 1/3 of the banks re-opened in the United States and faith was, in large part, restored in the banking system; the act had few opponents, only taking fire from the farthest left elements of Congress who wanted to nationalize banks altogether.
March 10, 1933: The Economy Act of 1933. Roosevelt, in sending this act to Congress, warned that if it did not pass, the country faced a billion dollar deficit; the act balanced the federal budget by cutting the salaries of government employees and cutting pensions to veterans by as much as 15 percent. It intended to reassure the deficit hawks. Although the act was protested by left-leaning members of congress, it passed by an overwhelming margin; the session passed several other major pieces of legislation: March 31, 1933: The Civilian Conservation Corps Reforestation Relief Act established the Civilian Conservation Corps as a means to combat unemployment and poverty. May 12, 1933: The Agricultural Adjustment Act was part of a plan developed by Roosevelt's Secretary of Agriculture, Henry A. Wallace, was designed to protect American farmers from the uncertainties of the depression through subsidies and production controls; the act laid the frame for long-term government control in the planning of the agricultural sector.
In 1936 the act was ruled unconstitutional by the United States Supreme Court because it taxed one group to pay for another. May 12, 1933: The Federal Emergency Relief Act established the Federal Emergency Relief Administration which develop public works projects to give work to the unemployed. May 18, 1933: The Tennessee Valley Authority Act created the Tennessee Valley Authority to relieve the Tennessee Valley by a series of public works projects. June 5, 1933: The Securities Act of 1933 established the Securities Exchange Commission as a way for the government to prevent a repeat of the Stock Market Crash of 1929. June 12, 1933: The Glass–Steagall Act of 1933 was a follow up to the Glass–Steagall Act of 1932. Both acts sought to make banking less prone to speculation; the 1933 act, established the Federal Deposit Insurance Corporation. June 16, 1933: The National Industrial Recovery Act was an anti-deflation scheme promoted by the Chamber of Commerce that reversed anti-trust laws and permit trade associations to cooperate in stabilizing prices within their industries while making businesses ensure that the incomes of workers would rise along with their prices.
It guaranteed to workers of the right of collective bargaining and helped spur major union organizing drives in major industries. In case consumer buying power lagged behind, thereby defeating the administration's initiatives, the NIRA created the Public Works Administration, a major program of public works spending designed to alleviate unemployment, moreover to transfer funds to certain beneficiaries; the NIRA established the most important, but least successful provision: a new federal agency known as the National Recovery Administration, which attempted to stabilize prices and wages through cooperative "code authorities" involving government and labor. The NIRA was seen hailed as a miracle, responding to the needs of labor, business and the deflation crisis; the "sick chicken case" led to the Supreme Court invalidating NIRA in 1935. March 24, 1934: The Tydings–McDuffie Act provided for self-government for the Commonwealth of the Philippines and a pathway to independence. June 6, 1934: The Securities Exchange Act of 1934 grew out of the Securities Act of 1933 and regulated participation in financial markets.
June 6, 1934: The National Firearms Act of 1934 regulated m