Franklin D. Roosevelt Quotes (Author of Fireside Chats)
How FDR’s Radio Voice Solved a Banking Crisis
President Franklin D. Roosevelt, who took office in early , would become the only president in American history to be elected to four consecutive terms. He would lead his nation through two of the greatest crises in its history—the Great Depression of the s and World War II —and would exponentially expand the role of the federal government through his New Deal reform program and its legacy. From March to June , Roosevelt addressed the American people in some 30 speeches broadcast via radio, speaking on a variety of topics from banking to unemployment to fighting fascism in Europe. As a rising young politician from New York , Franklin D.
The Fireside Chats refer to some 30 speeches President Franklin D. Roosevelt In , he was elected governor of New York, and four years later he won On March 12, , he took one more important step, delivering a.
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Roosevelt’s First Hundred Days
When Franklin Delano Roosevelt was elected to the presidency in , it was on a promise to restore the confidence of the American people and to bring America out of the Great Depression. Roosevelt stated in his first inaugural address that "we have nothing to fear but fear itself. Immediately after his election, Roosevelt began to formulate policies to bring about relief from the economic hardships the American people were experiencing. These programs became known as the New Deal, a reference taken from a campaign speech in which he promised a "new deal for the American people. During the One Hundred Days, Congress enacted 15 major pieces of legislation establishing New Deal agencies and programs. Among these was the Federal Deposit Insurance Corporation FDIC , which was established to protect depositors from losing their savings in the event of bank failure. Another program was the Civilian Conservation Corps CCC , which put thousands of men to work on projects in national forests, parks, and public lands.
March of was a terrifying month for Americans. Farmers and bankers alike suddenly lost their livelihood. In New Orleans, hundreds of tourists in town for Mardi Gras found themselves stranded on March 2 , with no money to get home, after Louisiana shuttered its failing banks. By the next day, 21 more states had followed suit. When Franklin Delano Roosevelt took office on March 4 — the last such term of office before Inauguration Day moved to January — his first act was to declare a national bank holiday to stall the run on banks that was quickly liquidating the Federal Reserve. These speeches, and his frank, down-to-earth manner, may have been the most effective tactic used to soothe the panicked public since the beginning of the Great Depression.