When F.D.R. was inaugurated almost 13 million worker, about 25% of the national workforce, was unemployed. Industrial production was half what it was in 1929. Millions faced the problem of starvation, dairy producers poured fresh milk into the ground dramatizing to the fact that overproduction and cutthroat competition had caused the milk prices to drop so low that the dairies could not recover their costs. So on June 16, 1933, President Franklin D. Roosevelt sign the National Industrial Recovery Act (NIRA).
Security Exchange Act
This act was enacted on June6, 1934, and was made to oversee and control trade on various U.S. security market. It was believed that the stock market crash, which helped cause the