National Recovery Administration (NRA) was the keystone of the early new deal program launched by Roosevelt. It was created in June 1933 under the terms of the National Industrial Recovery Act. This program attempted to stabilize prices and wages throughout cooperation between the government, business, and labor. The banking industry was also another focus of Roosevelt’s administration. Banks had been closing all over the country due to frightened citizens withdrawing all of their money. In order to increase trust in the banking system, Congress passed the Emergency Banking Relief Act of 1933. The bill gave the president broad powers over financial transactions, prohibited the hoarding of gold, and allowed for the reopening of sound banks, sometimes with loans from the Reconstruction Finance Corporation (Nash and Jeffrey, The American People: Creating a Nation and a Society). These legislative acts encouraged the public to once again trust their banks, and to deposit their money back in them.

These regulations and reforms were instrumental in providing new hope to the American public. The first phase of the New Deal was temporary and was used for an immediate restoration of the economy, they did not, however, significantly reduce the immense pressure felt by the public as a result of the Great Depression. While Franklin D. Roosevelt prepared for re-election, a new group of reforms were set in motion. This new group of reforms is referred to as the second New Deal. The Wagner Act, Social Security Act, etc was created. These acts obviously reinforced the labor forces’ right to assert their own goals and positions without the control of outside interest groups. The Works Progress Administration (WPA), authorized by Congress in April 1935, was the first massive attempt to deal with unemploy

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