-
FDR took the oath of office for the first time on this date, giving his famous "We have nothing to fear but fear itself" speech.
-
President Roosevelt declares that all bank transactions in the nation will be halted for five days as he and his cabinet can propose and sent to Congress legislation to deal with the crisis.
-
"I want to talk for a few minutes with the people of the United States about banking—with the comparatively few who understand the mechanics of banking but more particularly with the overwhelming majority who use banks for the making of deposits and the drawing of checks. I want to overwhelming majority who use banks for the making of deposits and the drawing of checks."
