what happemed in the U.S. during F.D.R's speech in March 1933?

Question

This is about President Roosevelt quote "The only thing to fear is fear itself"

Answer 1

I am assuming that you are asking what happened in the U.S. that led to Roosevelt's quote...

The Unites States was going through the Great Depression at this point.  Roosevelt had been elected president in 1932 with hope that he would be able to lead the country out of the depression.  The statement, "The only thing we have to fear is fear itself," came from is inaugural address (speech made during inauguration into presidency).

For further information about what he meant, I encourage you to read the entire inaugural address found at http://historymatters.gmu.edu/d/5057/

Answer 2

President Franklin D. Roosevelt delivered his famous quote "The only thing we have to fear is fear itself" during his inaugural address on March 4, 1933. This speech took place against the backdrop of the Great Depression, one of the most challenging periods in American history marked by widespread unemployment, economic hardship, and despair.

At the time of Roosevelt's speech, the United States was in the midst of a severe economic crisis. Banks were failing, businesses were closing, and millions of Americans were out of work. The stock market crash of 1929 had triggered the onset of the Great Depression, leading to a deep and prolonged economic downturn.

Roosevelt's inaugural address aimed to reassure the American people and instill confidence in their ability to overcome the challenges facing the nation. By emphasizing the need for bold action and collective resolve, Roosevelt sought to rally the nation behind his New Deal agenda, a series of programs and policies aimed at providing relief, recovery, and reform.

The quote "The only thing we have to fear is fear itself" encapsulates Roosevelt's message of resilience and determination in the face of adversity. By urging Americans to overcome their fears and embrace hope and optimism, Roosevelt sought to inspire confidence and mobilize support for his efforts to address the economic crisis.

In the years that followed, Roosevelt's New Deal initiatives would have a profound impact on American society, helping to alleviate the worst effects of the Great Depression and laying the groundwork for economic recovery. The quote from Roosevelt's inaugural address has since become one of the most iconic and enduring expressions of leadership in times of crisis.

Answer 3

On March 4, 1933, FDR stated in his first inaugural speech "So, first of all, let me assert my firm belief that the only thing we have to fear is...fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. " After three years of the Great Depression, the unemployment rate was over twenty five percent and bank runs virtually shut down the Nation's banking system. His speech called for expanded federal power from the Executive Branch and proposals for actions to address the banking crisis, unemployment, and changes to agricultural policy.

On March 6, 1933, he declared a Bank Holiday to assess the health of the banks and to develop a plan to reopen the banks. On March9, 1933, FDR signed the Emergency Banking Act that stabilized the system and allowed the banks to reopen. The Banking Act of 1933, better known as the Glass-Steagall Act for its sponsors was signed June 16, 1933, and established the Federal Deposit Insurance Corporation and first guaranteed the savings of Americans. The banking system stabilized and reopened.

Employment would be addressed through the establishment of numerous new agencies and policies, expanded federal expenditures, and numerous public works projects. The Agricultural Adjustment Act would establish incentives for farmers to cut production and reduce the glut of farm products that led to a collapse in the prices of agricultural commodities. The Roosevelt First Hundred Days forever changed the face of the federal government and began proactively intervening in the American economy. This policy change was popular with most Americans, but ultimately it would be the gearing up of the economy for the Second World War that drove the nation out of the Depression.

Answer 4

On March 4, 1933 Franklin Delano Roosevelt, the newly elected 32nd President of the United States, and the only man ever elected to more than two terms of that office, gave his First Inaugural Address in which he delivered his now famous line of "So, first of all, let me assert my firm belief that the [only thing we have to fear is fear itself] -- nameless, unreasoning, unjustifiable terror which paralyzes needed efforts to convert retreat into advance."  But, what were the causes of these fears FDR was referring to in this speech?

First of all this speech was given at a time when the United States had faced its worst crisis since the Civil War that almost tore the country apart, that being the Great Depression, and the first time America had ever gone bankrupt.  Many people lost everything in the Great Depression including their homes, their farms, and their life savings.  The Great Depression also caused approximately six billion dollars worth of business losses and industry was only operating at about half of its available capacity.

This speech was also given as a follow-up to Roosevelt's campaign promise of a "New Deal for the American People" that promised many widespread political and economic changes FDR would establish as the President to fix the country's economic emergecies and to calm the fear most American citizens had at the time of the Great Depression with its many severe fallouts.

Answer 5

It was the last time a president took office in March. After that, they moved the date up to January. The "lame duck" then was down to 2 months in office instead of 4

then FDR went on a splurge of new policies, as if he was in a hurry to stop the Great Depression. But it only got worse, with unemployment increasing, the Depression deepening.