Franklin Delano Roosevelt First Inaugural Address

Franklin Delano Roosevelt First Inaugural Address



Franklin Delano Roosevelt First Inaugural Address

By late winter 1933, the territory had currently endured more than three years of financial depression. Statistics disclosing the deepness of the Great Depression were staggering. More than 11,000 of 24,000 banks had failed, decimating the savings of depositors. Millions of persons were out of work and searching jobs; added millions were employed at occupations that scarcely supplied subsistence. Currency standards fallen as the deflationary spiral proceeded to squeeze and ranch markets proceeded to erode (www.americanrhetoric.com).

During the preceding summer the Democratic Party had revealed ...