March 6, 1933 - Franklin D. Roosevelt orders a four-day "bank holiday", closing all of the nations banks to give the Federal Reserve and Congress time to act to stabilize the banking system.The stock market crashed in late October 1929. Nobody thought there was a depression on the horizon. The stock market had crashed in 1920, 1923, and 1926, and ( Read more... )

March 12, 1933 - Franklin D. Roosevelt addresses the nation for the first time as President of the United States. This is the first of his "fireside chats", and he talks about the banking crisis.The stock market crashed in late October 1929. Nobody thought there was a depression on the horizon. The stock market had crashed in 1920, 1923, and 1926, ( Read more... )