Franklin D Roosevelt inaugurated as 32nd President of United States

The transcript discusses the economic challenges faced by a nation, highlighting the instability of banks and the stagnant business environment. A new president is introduced, who is eager to take action and address these issues. The nation demands immediate action, and efforts are made to stabilize banks and reassure the public. The president works tirelessly to establish a pattern of prosperity, while international recognition and relations are also addressed, with a focus on normalizing ties with other countries.

What challenges are the banks facing as mentioned in the text?

In what way are America and Russia described in the text?