FDR's Early Leadership and Banking Reforms

“[We] had forgotten to be Republicans or Democrats. We were just a bunch of men trying to save the banking system.”

This is the story of FDR’s first 100 days in office. 

In early 1933, banks foreclose on thousands upon thousands of homes and farms every month. The banks have little choice–they too are failing! Meanwhile, unemployment is hovering near 25%. It’s a catastrophe. Capitalism itself and the American way of life appears to be on the precipice. 

Enter President Franklin D. Roosevelt, who calls an immediate “banking holiday” and an emergency session of Congress to face the hydra of crises sweeping the nation. During this 99-day congressional session that runs almost analogous to FDR’s first 100 days in the White House, they’ll pass 15 major pieces of legislation that create new organizations, regulations, and more with the hopes of getting the American people back on their feet. 

But how exactly, does Franklin navigate the divergent views, difficult personalities, and competing priorities to get this mountain of legislation through? That is precisely our story.

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