Happy Birthday, New Deal!

Today in History:

President Starts Recovery Program, Signs Bank, Rail and Industry Bills;
Wheat Growers Will Get $150,000,000
He Calls Recovery Act Most Sweeping Law in Nation's History
'Million Jobs' By Oct. 1

Assuming unprecedented peacetime control over the nation's economic life, President Roosevelt placed in operation today his sweeping program for recovery from the depression.

Within two hours he signed acts of Congress giving him control over industry, power to coordinate the railroads, and authority to start work on a $3,300,000,000 public works program, and then began the active administration of these and other major measures.

In signing the National Industrial Recovery Act the President declared that it was "the most important and far-reaching legislation ever enacted by the American Congress," and said that it "represents a supreme effort to stabilize for all time the many factors which make for the prosperity of the nation and the preservation of American standards."