This name is often given to the first congressional session of President
Franklin Delano Roosevelt's administration, from March 9 to June 16, 1933. Held in the grip of a deepening economic crisis, the session was Roosevelt's opportunity to announce the
New Deal and turn the situation around. Among the legislation passed were the legalization of beer and wine, the
Civilian Conservation Corps, the Federal Emergy Relief Act, the
Tennessee Valley Authority, the Federal Securities Act and the Glass-Steagall Banking Act, which among other banking reforms created the Federal Bank Deposit Insurance Corporation, the FBDIC.
