Economy+Act

Corey Shotliff

The Economy Act of 1933, was officially titled the Act of March 20, 1933. Act of Congress that cut the salaries of federal workers and reduced benefit payments to veterans. It was to help reduce the Federal deficit in the U.S. (**A**) Franklin D. Roosevelt was the president at the time. The bill was mainly written by Lewis Douglas ( Roosevelt's Director of Budget), and Grenville Clark (a private attorney). (**B**) President Franklin D. Roosevelt signed the bill into Law. A campaign promise was to balance the Federal Budget. (**C**) The Law cut the salaries of federal workers and reduced benefit payments to veterans. It was to help reduce the Federal deficit in the U.S. (**D**) The great depression was in this time, starting with the total stock market collapse in 1929.

