President Calls On US To Have Faith

The transcript addresses a financial crisis where public confidence waned, leading to a rush to convert bank deposits into currency or gold. This caused even stable banks to struggle with meeting demand. The speaker reassures the public that banks will meet their needs and discourages hoarding. Emphasizing the importance of confidence and courage, the speaker calls for unity and faith to dispel fear and rumors.

What was the public's reaction during the end of February and beginning of March?

• They increased their bank deposits.

• They ignored the banking situation.

• They rushed to convert deposits into currency or gold.

• They invested heavily in stocks.

What is the speaker's belief about hoarding during the past week?

• It has become a popular activity.

• It is still a common practice.

• It has become unfashionable.

• It is encouraged by the banks.

What does the speaker assure about the banks?

• They will meet all needs.

• They will increase interest rates.

• They will limit withdrawals.

• They will close permanently.

What are the essentials of success according to the speaker?

• Confidence and courage

• Wealth and power

• Knowledge and skills

• Luck and timing

What does the speaker urge people to do in the face of rumors?

• Panic and withdraw funds.

• Act on them immediately.

• Spread them further.

• Ignore them and have faith.