Pres. Franklin Roosevelt's first fireside chat urges confidence in banks

The video explains recent actions taken to address public concerns about banking stability. It discusses the loss of public confidence leading to a rush on banks, where people converted deposits into currency or gold. This rush strained even the soundest banks. A bank holiday was declared to manage the situation, allowing time to supply necessary currency. The video reassures that no sound bank is worse off than before the holiday.

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