By President

FDR in his first Fireside Chat about the banking crisis in 1933

On March 12, 1933, Franklin Roosevelt delivered his first Fireside Chat from the White House. In this speech, he discusses the rush on banks for currency and gold that lead to a necessary bank holiday. Roosevelt reassures the American people that the safest place for their money is in a re-opened bank and that hoarding has become "an exceedingly unfashionable pastime." FDR says the government has provided the American people with the machinery to restore the financial system and it is up to the people to make it work.

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