At least he didn't say he was doing it so that Americans could still borrow for cars, homes and college educations.
And, what was all that stuff about gold?
The election of F.D.R. in 1932, and this little chat, was the beginning of modern socialism in the U.S.A. And, liberal historians and government practitioners alike, will never admit none of it worked.
In 1937, the New Deal Administration had realized none of it was working.
Then, a guy named Winston Churchill began hanging around the White House because he liked the atmosphere and the brandy, there. He convinced F.D.R. to start "lend-leasing" his country some ships and stuff so he could fend-off what ultimately happened to Paris.
America's factories cranked-up. The rest is history.
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And the rap on liberals is that they're too melodramatic?
F.D.R's primer on banking and The Bank Holiday.
F.D.R. Fireside Chat - 10/23/1933 about 75 years ago.
At least he didn't say he was doing it so that Americans could still borrow for cars, homes and college educations.
And, what was all that stuff about gold?
The election of F.D.R. in 1932, and this little chat, was the beginning of modern socialism in the U.S.A. And, liberal historians and government practitioners alike, will never admit none of it worked.
In 1937, the New Deal Administration had realized none of it was working.
Then, a guy named Winston Churchill began hanging around the White House because he liked the atmosphere and the brandy, there. He convinced F.D.R. to start "lend-leasing" his country some ships and stuff so he could fend-off what ultimately happened to Paris.
America's factories cranked-up. The rest is history.
Do we have factories to crank-up, any more?
Oh, shoot!
I linked F.D.R. fireside chat No. 4 instead of No. 1 in that last post.
It was No.1 on March 12, 1933 that was the banking primer and given in concert with the "banking holiday."
Some 3500 banks didn't re-open after the "holiday."
Here's the link to Chat #1:
FDR on Banking .
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