At Roosevelt’s urging, Congress passed the Emergency Banking Bill, which took the nation off the gold standard, allowed some Federal Reserve System banks to reopen, and permitted the Federal Reserve and the Reconstruction Finance Corporation to provide funds to buy stocks in chosen banks.
Congress passed the Servicemen’s Readjustment Act, or GI Bill, providing “government issue” educational and financial benefits to veterans. The bill offered veterans unemployment compensation, financial aid for college, and low-interest home loans.
The Fair Employment Practices Commission was established by an executive order issued by President Franklin D. Roosevelt in June 1941. The commission was created to put an end to discrimination in war production jobs and the government.
The Tennessee Valley Authority was created by Congress in 1933 to construct dams, hydroelectric systems, and power plants in the Tennessee River valley region. An independent public corporation, The Tennessee Valley Authority created badly needed jobs and developed much of the region.