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Two months ago we were facing serious problems. The country was dying by inches. It was dying because trade and commerce had declined to dangerously low levels; prices for basic commodities were such as to destroy the value of the assets of national institutions such as banks, savings banks, insurance companies, and others. These institutions, because of their great needs, were foreclosing mortgages, calling loans, refusing credit.  >>more...>>

Title:     Outlining the New Deal Program
Author:    Roosevelt, Franklin D.
Date:     May 7, 1933

Publisher:     Works of Franklin D. Roosevelt
Type:     Fireside Chat

Listed Under:
Fireside Chats
Fiscal Policy
New Deal Legislation