73rd United States Congress


The 73rd United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It met in Washington, D.C. from March 4, 1933, to January 3, 1935, during the first two years of Franklin D. Roosevelt's presidency. Because of the newly ratified 20th Amendment, the duration of this Congress, along with the term of office of those elected to it, was shortened by days. The apportionment of seats in the House of Representatives was based on the 1930 United States census.
The Democrats greatly increased their majority in the House, and won control of the Senate for the first time since the 65th Congress in 1917. With Franklin D. Roosevelt being sworn in as president on March 4, 1933, this gave the Democrats an overall federal government trifecta, also for the first time since the 65th Congress.

Major events

First Session

The first session of Congress, known as the "Hundred Days", took place before the regular seating and was called by President Roosevelt specifically to pass two acts:
  • March 9, 1933: The Emergency Banking Act was enacted within four hours of its introduction. It was prompted by the "bank holiday" and was the first step in Roosevelt's "first hundred days" of the New Deal. The Act was drafted in large part by officials appointed by the Hoover administration. The bill provided for the Treasury Department to initiate reserve requirements and a federal bailout to large failing institutions. It also removed the United States from the Gold Standard. All banks had to undergo a federal inspection to deem if they were stable enough to re-open. Within a week 1/3 of the banks re-opened in the United States and faith was, in large part, restored in the banking system. The act had few opponents, only taking fire from the farthest left elements of Congress who wanted to nationalize banks altogether.
  • March 20, 1933: The Economy Act of 1933. Roosevelt, in sending this act to Congress, warned that if it did not pass, the country faced a billion-dollar deficit. The act balanced the federal budget by cutting the salaries of government employees and cutting pensions to veterans by as much as 15 percent. It intended to reassure the deficit hawks that the new president was fiscally conservative. Although the act was heavily protested by left-leaning members of congress, it passed by an overwhelming margin.
Image:Roosevelt signing TVA Act.jpg|thumb|President Franklin D. Roosevelt signs the Tennessee Valley Authority Act
The session also passed several other major pieces of legislation:

"Merchants of Death"

The Senate Munitions Committee came into existence solely for the purpose of this hearing. Although World War I had been over for sixteen years, there were revived reports that America's leading munition companies had effectively influenced the United States into that conflict, which killed 53,000 Americans, hence the companies' nickname "Merchants of Death".
The Democratic Party, controlling the Senate for the first time since the first world war, used the hype of these reports to organize the hearing in hopes of nationalizing America's munitions industry. The Democrats chose a Republican renowned for his ardent isolationist policies, Senator Gerald P. Nye of North Dakota, to head the hearing. Nye was typical of western agrarian progressives, and adamantly opposed America's involvement in any foreign war. Nye declared at the opening of the hearing "when the Senate investigation is over, we shall see that war and preparation for war is not a matter of national honor and national defense, but a matter of profit for the few."
Over the next 18 months, the "Nye Committee" held 93 hearings, questioning more than 200 witnesses, including J.P. Morgan Jr. and Pierre du Pont. Committee members found little hard evidence of an active conspiracy among arms makers, yet the panel's reports did little to weaken the popular prejudice against "greedy munitions interests."
The hearings overlapped the 73rd and 74th Congresses. They only came to an end after Chairman Nye provoked the Democratic caucus into cutting off funding. Nye, in the last hearing the Committee held in early 1936, attacked former Democratic President Woodrow Wilson, suggesting that Wilson had withheld essential information from Congress as it considered a declaration of war. Democratic leaders, including Appropriations Committee Chairman Carter Glass of Virginia, unleashed a furious response against Nye for "dirtdaubing the sepulcher of Woodrow Wilson." Standing before cheering colleagues in a packed Senate chamber, Glass slammed his fist onto his desk in protest until blood dripped from his knuckles, effectively prompting the Democratic caucus to withhold all funding for further hearings.
Although the "Nye Committee" failed to achieve its goal of nationalizing the arms industry, it inspired three congressional neutrality acts in the mid-1930s that signaled profound American opposition to overseas involvement.

Party summary

For details, see Changes in membership, below.

Senate

There were 48 states with two senators per state, thus giving the Senate 96 seats. Membership changed with four deaths, one resignation, and two appointees who were replaced by electees.

House of Representatives

Membership changed with twelve deaths and three resignations.

Leadership

Senate