Question, are the conditions in 1933 the same as they are today? Has the Federal Reserve Bank, which is a group of private banks, NOT Government Controlled, been beneficial or harmful to the U.S. Economy? Were the solutions FDR suggested a solution or making things worse?

Support Our Podcast! <a href="http://audiblepodcast.com/rnn">Visit Audible</a><a href="http://audiblepodcast.com/rnn">(this link)</a><a href="http://audiblepodcast.com/rnn">, Free Book</a> http://audiblepodcast.com/rnn Also Old Time Radio DVD for Old Time Radio,Classic TV Shows, Classic Movies, and Movie Serials. All at great prices!!! Please go to <a style="font-weight: bold;" href="http://oldtimeradiodvd.com" target="_blank">OldTimeRadioDVD.com</a> style="font-weight: bold;"> and support our efforts  to bring you the greatest podcast on the internet. Purchase your part of Americana for yourself, your children or grand children. Entertainment rich in values and great stories that bridge all ages and all times. <a href="http://oldtimeradiodvd.com" target="_blank">  OLDTIMERADIODVD.COM</a>

Question, are the conditions in 1933 the same as they are today? Has the Federal Reserve Bank, which is a group of private banks, NOT Government Controlled, been beneficial or harmful to the U.S. Economy? Were the solutions FDR suggested a solution or making things worse? Support Our Podcast! Visit Audible(this link), Free Book http://audiblepodcast.com/rnn Also Old Time Radio DVD for Old Time Radio,Classic TV Shows, Classic Movies, and Movie Serials. All at great prices!!! Please go to OldTimeRadioDVD.com style="font-weight: bold;"> and support our efforts to bring you the greatest podcast on the internet. Purchase your part of Americana for yourself, your children or grand children. Entertainment rich in values and great stories that bridge all ages and all times. OLDTIMERADIODVD.COM

Question, are the conditions in 1933 the same as they are today? Has the Federal Reserve Bank, which is a group of private banks, NOT Government Controlled, been beneficial or harmful to the U.S. Economy? Were the solutions FDR suggested a solution or making things worse?

Support Our Podcast! <a href="http://audiblepodcast.com/rnn" rel="noopener noreferrer">Visit Audible</a><a href="http://audiblepodcast.com/rnn" rel="noopener noreferrer">(this link)</a><a href="http://audiblepodcast.com/rnn" rel="noopener noreferrer">, Free Book</a> http://audiblepodcast.com/rnn Also Old Time Radio DVD for Old Time Radio,Classic TV Shows, Classic Movies, and Movie Serials. All at great prices!!! Please go to <a href="http://oldtimeradiodvd.com" rel="noopener noreferrer">OldTimeRadioDVD.com</a> style="font-weight: bold;"&gt; and support our efforts &nbsp;to bring you the greatest podcast on the internet. Purchase your part of Americana for yourself, your children or grand children. Entertainment rich in values and great stories that bridge all ages and all times. <a href="http://oldtimeradiodvd.com" rel="noopener noreferrer">&nbsp; OLDTIMERADIODVD.COM</a>

3/12/33 On The Bank Crisis

When President Franklin D. Roosevelt took office in 1933, one in four Americans was out of work nationally, but in some cities and some industries unemployment was well over 50 percent. Equally troubling were the bank panics. Between 1929 and 1931, 4,000 banks closed for good; by 1933 the number rose to more than 9,000, with $2.5 billion in lost deposits. Banks never have as much in their vaults as people have deposited, and if all depositors claim their money at once, the bank is ruined. Millions of Americans lost their money because they arrived at the bank too late to withdraw their savings. The panics raised troubling questions about credit, value, and the nature of capitalism itself. And they made clear the unpredictable relationship between public perception and general financial health—the extent to which the economy seemed to work as long as everyone believed that it would. To stop the run on banks, many states simply closed their banks the day before Roosevelt’s inauguration. Roosevelt himself declared a four-day “bank holiday” almost immediately upon taking office and made a national radio address on Sunday, March 12, 1933, to explain the banking problem. Then until 1944 FDR spoke to America as the depression gave rise to World War II.

Share 3/12/33 On The Bank Crisis

Sign up to save your podcasts

3/12/33 On The Bank Crisis

3/12/33 On The Bank Crisis

More shows like FDR Fireside Chats and Speeches

This American Life

History Extra podcast

The Daily

Somewhere in the Skies