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At his inauguration as president on 4 March 1933, Roosevelt lifted the spirits of millions of Americans by declaring that, though the economy was in collapse, "the only thing we have to fear is fear itself." An accomplished politician, he immediately called an emergency session of Congress and presented to it fifteen major proposals for economic relief and reform. At the end of his first hundred days in office a cooperative Democratic Congress had passed them all. Through a vast array of initiatives he instituted cooperation among capital, labor, and government, as well as government planning and a program of federal deficit spending that many historians credit with saving an economy teetering on the brink of complete ruin. Two years into his first term Roosevelt moved to the left with a series of reforms, including a "soak-the-rich" tax scheme and the establishment of federal Social...
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This section contains 171 words (approx. 1 page at 300 words per page) |
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