63rd United States Congress in the context of "1912 United States elections"

The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States.

Following the 1912 elections, in which Democrats gained control of Congress and the presidency, President Wilson, Congressman Carter Glass, and Senator Robert Latham Owen introduced legislation to create a central bank. The proposal was shaped by debate between those who favored private control of a central bank, such as proponents of the earlier Aldrich Plan, and those who favored government control, including progressives like William Jennings Bryan. Wilson prioritized the bill as part of his New Freedom domestic agenda, and it passed Congress largely as introduced.

The 1913 State of the Union Address was given by Woodrow Wilson, the 28th president of the United States, on Tuesday, December 2, 1913. It was given directly to the 63rd United States Congress by the president as a speech. Wilson was the first to deliver it as a speech, rather than a written message, since John Adams in 1800. With a few exceptions all addresses since then have been given directly following Wilson's lead.

It was his first. He stated, "The country, I am thankful to say, is at peace with all the world, and many happy manifestations multiply about us of a growing cordiality and sense of community of interest among the nations, foreshadowing an age of settled peace and good will." The speech was just over 3,500 words and took 28 minutes to read.