The pre-New Deal (1930 – 1932) continues: Republican (fascist/socialist) President Hoover—without a constitutional amendment—signs the Emergency Relief Act of 1932, providing 300,000,000 Dollars to states that are unable to raise money for relief purposes. The act also allows the Reconstruction Finance Corporation to double its debt ceiling to 3,000,000,000 Dollars.
[restored 7/2/2022]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Emergency Relief and Construction Act of 1932, 47 Public Statutes at Large 709, 711 (1932).
Robert Higgs, Crisis and Leviathan: Critical Episodes in the Growth of American Government, (Oakland, California: The Independent Institute, 1987), 164.
Calvin D. Linton, ed., The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 328.
The Federal Reserve and you
endthefednc.wordpress.com/
U.S. Banking Timeline
www.libertyforlife.com/banking/currency-us-timeline.html
Current U.s. National Debt:
