With the passage of the Banking Act of 1933, Congress completed its work on remedial banking legislation, and on June 16, the special session adjourned. The Congress, which had met primarily to enact the president's bank emergency program, accomplished far more. In rapid succession the legislators gave the chief executive a series of major legislative measures to cope with the complex economic problems facing the nation. On March 20, the Economy Act was passed; on March 22, the Beer Act; and on March 31, the Civilian Conservation Reforestation Relief Act. On May 12, the Federal Emergency Relief Act and the Agricultural Adjustment Act were signed. On May 20, the Tennessee Valley Authority was created, and on May 27, the Securities Act of 1933 became law. On the final day of the special session, when the Banking Act of 1933 was signed, the Farm Credit Act, the Emergency Railroad Transportation Act, and the National Industrial Recovery Act also became law. In time, some of these laws would be declared unconstitutional, others would fail to achieve their aims, and a few would become landmark legislative measures. In June 1933, all provided the initial framework for the Roosevelt recovery program.
For the administration the task that lay ahead was monumental. Fear had been conquered but economic conditions had not improved substantially. Unemployment, overpro-