Before Roosevelt's inauguration, two events are noteworthy: the unsuccessful assassination attempt on the president-elect's life and Roosevelt's rejection of Hoover's proposal to work together on how the economy will be managed. As president, Roosevelt issues an emergency order declaring a bank holiday to allow financial institutions to recoup. Legislation is passed that bans banks from venturing cash reserves in the stock market. Federal Deposit Insurance legislation is approved in 1933 although FDR does not support it. Roosevelt cuts the federal budget to reassure financiers that the government is in responsible hands, but budget deficits quickly surface and it becomes necessary to provide additional money to relief agencies for public assistance. FDR injects confidence and optimism into the political rhetoric that people rally around.

US History Collection

unsuccessful assassination attempt, Hoover's proposal to work with FDR, inaugural address, bank holiday, banks banned from venturing reserves, Federal Deposit Insurance, federal budget cut, budget deficits, funding relief agencies, FDR's confidence and optimism, Great Depression, The

American History, American Studies, American Presidency, Unfinished Nation, The

Bernstein, Ph.D., Michael (Performer), Brinkley, Ph.D., Alan (Performer), Parrish, Ph.D., Michael (Performer), INTELECOM Intelligent Telecommunications (Firm)

00:04:19 (HH:MM:SS)

English

Name	INTELECOM Intelligent Telecommunications
Role	Distributor
Telephone	800-576-2988 x122
Address	150 E. Colorado Blvd. Ste. 300, Pasadena, CA 91105
Email	[email protected]

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