This story is free to read because readers choose to support LAist. If you find value in independent local reporting, make a donation to power our newsroom today.
With Nation Panicked, FDR Called for Bank Holiday
Listen
0:00
Financial security for all Americans was weighing heavily on President Franklin Delano Roosevelt 75 years ago. On March 12, 1933, FDR delivered the first of what would become his famous "fireside chats," designed to reassure an anxious public struggling to find its way out of the Great Depression. He spoke after proclaiming a four-day bank holiday to prevent panicked customers from making huge withdrawals.
Copyright 2022 NPR. To see more, visit https://www.npr.org. 9(MDA1OTI3MjQ5MDEyODUwMTE2MzM1YzNmZA004))
You come to LAist because you want independent reporting and trustworthy local information. Our newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our connected community. We are free to tell the full truth, to hold power to account without fear or favor, and to follow facts wherever they lead. Our only loyalty is to our audiences and our mission: to inform, engage, and strengthen our community.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief
