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Roosevelt's first Fireside Chat was about the banks and during that time the banks were in a huge crisis because they did not have enough reserves to meet the masses of people who wanted to withdraw their money. So he explained the whole banking process and proclaimed a National Bank Holiday which closed the banks, so they could recover.

Roosevelt continued to give periodic Fireside Chats throughout his terms as president, the topic varying according to the times.

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Betty Wilderman

Lvl 13
3y ago

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