Franklin Roosevelt and the New Deal Explained — Fexingo History
In March 1933, Franklin Roosevelt shut down every bank in America. For four days, the entire financial system ground to a halt. This episode explores the dramatic Bank Holiday of 1933 and the Emergency Banking Act that followed — a whirlwind of legislation that stabilized the panic, restored public confidence, and redefined the federal government's role in banking. Lucas and Luna walk through the chaotic days before the holiday, the behind-the-scenes drafting of the legislation, FDR's first Fireside Chat explaining it to the nation, and the rapid reopening of solvent banks. They discuss the role of Treasury officials like William Woodin and the distinction between the Emergency Banking Act and later banking reforms like the Glass-Steagall Act. This is the untold story of how FDR caught his breath and saved the banks in his first week in office. #FDR #NewDeal #BankHoliday #EmergencyBankingAct #GreatDepression #FiresideChat #WilliamWoodin #GlassSteagall #BankingReform #1933 #FDIC #FederalReserve #Hoover #ReconstructionFinanceCorporation #AmericanHistory #EconomicHistory #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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