FDR

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On April 8, 1935, Congress approved the Works Progress Administration — a cornerstone of President Franklin D. Roosevelt’s New Deal — to employ more than 8.5 million...

By the late 1930s, the worst of the Depression had passed after the U.S. President Franklin Roosevelt jolted the economy through the "New Deal," which focused on the "three Rs" — relief, recovery and reform. At the same time, private investment was at poor levels, as individuals chose to pay...