On March 4, 1933, Franklin Delano
Roosevelt officially became president of the United States. At the time,
the new president faced a massive financial crisis and depression. The
nation had an outstanding 24.9 percent unemployment rate, and faith in
the financial system was nearly nonexistent. But with a Democratic
majority in the U.S. House of Representatives and 64 percent Democratic
majority in the Senate, FDR managed to pass a series of laws within 100
days of inauguration that helped set the economy on track.