The Virginia Resolves declared the principle of "no taxation without representation". The Stamp Act was passed by the British Parliament to help pay for the French and Indian War. American colonists were affected by these taxes as part of the British empire. In the Virginia Resolves, Virginians protested the Stamp Act, and argued that they should not have to pay taxes to the British government when they did not have representatives in Parliament to speak for them. Hence, the phrase "no taxation with representation" became a key principle in the colonists' struggle for independence.
FDR's first major act as president was the Emergency Banking Act. Passed just 5 days after his inauguration, FDR did this in hopes of stabilizing the banking industry. At this time in the US, the Great Depression was in full swing and banks were struggling. This is because so many people were trying to take out their money from the banks that thousands of banks all over the country were forced to close due to lack of paper currency.
With the Emergency Banking Act, FDR declares a "bank holiday." This 4 day period allowed the federal government to start reorganizing the banks and to provide currency to those banks who needed it.
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The 1960s (pronounced "nineteen-sixties") was a decade of the Gregorian calendar that began on 1 January 1960, and ended on 31 December 1969. The term "1960s" also refers to an era more often called the Sixties, denoting the complex of inter-related cultural and political trends around the globe.
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