By the date of President Roosevelt's inauguration, 4 March 1933, we were in the depth of the Great Depression. The citizenry was panicked; there had been a run on the banks; and nearly all of the nation's banks had temporarily closed.
To paraphrase our present Secretary of the Treasury, Henry Paulson: There was a lack of liquidity.
I have included links below to 2 one page speaches given by FDR. He was a skilled communicator who spoke frankly and chose his words carefully. You'll appreciate the irony when you realize that these same words could be used today.
FDRs first inaugural speech 4 March 1933. "The only thing we have to fear is fear itself."
http://millercenter.org/scripps/archive/speeches/detail/3280
FDRs speech on the Banking Crisis 12 March 1933. He urged his radio audience to have faith in the banks and to support his plan.
http://millercenter.org/scripps/archive/speeches/detail/3298
I'm curious to know what President Elect, Barack Obama will say in his inaugural speech.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved