Franklin Roosevelt - Fireside Chat #1, On the Banking Crisis (1933)

Summary

In this historic address, the President explains the banking crisis and the steps taken to restore public confidence. He details the National Bank holiday, the closure of banks due to a surge in withdrawals, and the subsequent government measures to stabilize the financial system. Emphasizing the importance of cooperation and patience, the President reassures citizens that the banking system will recover and that their funds are safe. The speech stresses the need for gradual reopening of banks, with federal and state authorities working together to prevent future failures and maintain economic stability.

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