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What was Roosevelt's famous phrase that encouraged the country throughout his administration?
Wiki User
∙ 12y ago
In Roosevelt's inauguration, May 4, 1933, he stated "the only thing we have to fear is fear itself." He said this during the middle of the bank panic.The next day, congress passed the Emergency Banking Act, which declared a bank holiday and announced a plan to allow banks to reopen. To give Americans confidence in the banks, Roosevelt signed the Glass-Steagall Act which created the Federal Deposit Insurance Corporation.
Wiki User
∙ 12y ago
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