Franklin Roosevelt and the New Deal Explained — Fexingo History
In March 1933, Franklin D. Roosevelt took office amid a banking panic that had shuttered banks across the country. This episode explores the dramatic first days of the New Deal: Roosevelt's decision to declare a national bank holiday, the emergency passage of the Emergency Banking Act, and the fireside chat that reassured millions. We talk about the role of William H. Woodin, the Reconstruction Finance Corporation under Jesse Jones, the distinction between sound and unsound banks, and how the crisis was used to push through the Glass-Steagall Act and create the FDIC. We also touch on the human cost—families who lost their life savings—and the political gamble that paid off, restoring faith in the banking system within a week. #FDR #NewDeal #BankHoliday #EmergencyBankingAct #GreatDepression #FDIC #GlassSteagall #FiresideChat #WilliamHWoodin #JesseJones #ReconstructionFinanceCorporation #BankingCrisis #1933 #NorthAmerica #AmericanHistory #EconomicHistory #FexingoHistory #History Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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