Tagged: Great Depresion

This Date In 1933: FDR’s First Fireside Chat Unleashes The Federal Reserve To Muscle Aside The Bank Panic 0

This Date In 1933: FDR’s First Fireside Chat Unleashes The Federal Reserve To Muscle Aside The Bank Panic

Franklin D. Roosevelt took office in March 1933. Bank panics had occurred since 1929, and by 1933 than 9,000 banks had closed, with $2.5 billion in lost deposits. Millions of Americans lost their money....

“As for me, except for an occasional heart attack, 2

“As for me, except for an occasional heart attack,

I feel as young as I ever did.” Robert Benchley (1899-1945). Lately, anyone watching those Wall Street high wire artists demonstrate once again that gravity does indeed matter would understand the irony in Benchley’s...

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