FDR's Fireside Chat on Backing Up the Banking System-Part 1BackThe failure of many banks, runs on banks, and a general climate of financial panic played an important role in the Great Depression. After taking office in early March 1933, President Franklin D. Roosevelt made a radio address (a "Fireside Chat") outlining federal strategy to reopen the banking system. The system had been closed as part of a "bank holiday" declared by president to halt panics and runs. Although many other aspects of New Deal policy often receive more attention, backing up the banking system at least prevented the Depression from worsening. Prevention of financial panics remains an important economic policy in the contemporary world. This is Part 1. Category: News Uploaded: March 9th, 2008 @ 8:05 pm Author: danieljbmitchell Length: 06:52 Rating: Views: Tags: fdr franklin-roosevelt radio fireside-chat banking finance great-depression 1933 Related Video Links:» View Video Comments For FDR's Fireside Chat on Backing Up the Banking System-Part 1 » View danieljbmitchell's Other Uploaded Videos Video Thumbnails:Video Embedding Code:* Embed this video on your website, social bookmark, myspace, or blog. |
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