ĭuring this next 100 day period, FDR presented a series of initiatives to Congress designed to counter the effects of the Great Depression. Silber, was a “remarkable turnaround in the public’s confidence … The contemporary press confirms that the public recognized the implicit guarantee and, as a result, believed that the reopened banks would be safe, as the President explained in his first Fireside Chat.” Within two weeks people returned more than half of the cash they had been hoarding, and the first stock-trading day after the bank holiday marked the largest-ever one-day percentage price increase. The result, according to economic historian William L. ET that Sunday night, on the eve of the end of the bank holiday, Roosevelt spoke to a radio audience of more than 60 million people, to tell them in clear language “what has been done in the last few days, why it was done, and what the next steps are going to be.” :78–79 It was the first of 30 evening radio addresses that came to be called the Fireside Chats. On March 9, Congress passed the Emergency Banking Act, which Roosevelt used to effectively create federal deposit insurance when the banks reopened. :78 He closed the entire American banking system on March 6, 1933.
He spent the first week of his Presidency dealing with a month-long series of bank closures that were ruining families nationwide. Roosevelt was inaugurated as the 32nd President of the United States. Roosevelt’s presidency began on March 4, 1933, the day Franklin D. Wikipedia does a nice job summarizing what Goodwin described in detail regarding FDRs immediate actions and first 100 days.
I have been listening to Doris Kearns Goodwin’s Leadership in Turbulent Times and her Chapter on Turnaround Leadership – Franklin Roosevelt and the Hundred Days could not be more timely for what faces our country over the coming weeks and months ahead as we undertake the critical actions to stem the tide of COVID-19 and rebuild the economy and the nation. Franklin Roosevelt is a perfect example of the kind of leaders we need in the country today.
0 kommentar(er)
