What followed was a blitz of action meant to ameliorate the worst of the crisis. “On his very first night in office,” the historian William E. Leuchtenburg (who died three months ago) recounted in his seminal volume, “Franklin D. Roosevelt and the New Deal, 1932-1940,” Roosevelt “directed Secretary of the Treasury William Woodin to draft an emergency banking bill, and gave him less than five days to get it ready.”
Five days later, on March 9, 1933, Congress convened a special session during which it approved the president’s banking bill with a unanimous vote in the House and a nearly unanimous vote in the Senate. Soon after, Roosevelt urged the legislature to pass an unemployment relief measure. By the end of the month, on March 31, Congress had created the Civilian Conservation Corps.
This was just the beginning of a burst of legislative and executive activity. On May 12 alone, Roosevelt signed the Federal Emergency Relief Act — establishing the precursor to the Works Progress Administration — the Agricultural Adjustment Act and the Emergency Farm Mortgage Act. He signed the bill creating the Tennessee Valley Authority less than a week later, on May 18, and the Securities Act regulating the offer and sale of securities on May 27. On June 16, Roosevelt signed Glass-Steagall, a law regulating the banking system, and the National Industrial Recovery Act, an omnibus business and labor relations bill with a public works component. With that, and 100 days after it began, Congress went out of session.
The legislature, Leuchtenburg wrote,
had written into the laws of the land the most extraordinary series of reforms in the nation’s history. It had committed the country to an unprecedented program of government-industry cooperation; promised to distribute stupendous sums to millions of staple farmers; accepted responsibility for the welfare of millions of unemployed; agreed to engage in far-reaching experimentation in regional planning; pledged billions of dollars to save homes and farms from foreclosure; undertaken huge public works spending; guaranteed the small bank deposits of the country; and had, for the first time, established federal regulation of Wall Street.
And Roosevelt, Leuchtenburg continued, “had directed the entire operation like a seasoned field general.” The president even coined the “hundred days” phrasing, using it in a July 24, 1933, fireside chat on his recovery program, describing it as a period “devoted to the starting of the wheels of the New Deal.”
The frantic movement of Roosevelt’s first months set a high standard for all future presidents; all fell short. “The first 100 days make him look like a minor league statesman,” said one journalist of Roosevelt’s successor Harry S. Truman. The Times described the first 100 days of the Eisenhower administration as a “slow start.” And after John F. Kennedy’s first 100 days yielded few significant accomplishments, the young president let the occasion pass without remark.
