FDR DELIVERS FIRST 'FIRESIDE CHAT' FROM WHITE HOUSE
Washington, D.C. (JFK+50) On March 12, 1933, ninety years ago today, President Franklin D. Roosevelt gave his first "Fireside Chat*" from the White House here in the Nation's Capital.
The President spoke into a radio microphone beginning at 10 p.m. local time. The topic of the first "chat" is "On the Bank Crisis." This address lasts 13 minutes 42 seconds.
The President says...
"When you deposit money into a bank...the bank invests your money...put(ting) your money to work to keep the wheels of industry and agriculture turning around."
The President continues...
"Your government does not intend that the history of the past few years shall be repeated. We do not want and will not have another epidemic of bank failures.**
Start(ing) tomorrow with the opening of banks in the 12 Federal Reserve Bank cities (and) followed on Tuesday (by) about 250 cities in the United States."
FDR concludes the first Fireside Chat with these words...
"The success of our whole...program depends upon the cooperation of the public. It is your problem no less than mine. Together we cannot fail."
*FDR gave 31 fireside chats between 1933 & 1944. The President did not have a fireplace in the room where he spoke but CBS reporter Harry Butcher coined "fireside chat" to evoke FDR's comforting style of delivery to the American people.
90% of American families had access to a radio receiver in their homes in 1933. According to history.com, FDR took an active role in writing his speeches & was fond of 'ad-libbing.' Audio recordings of these chats may be accessed at the Museum of Broadcast Communications website, www.museum.tv/
**By 1933, 9000 banks in the United States had closed down permanently. America was in the grips of the Great Depression with 13 million unemployed.
SOURCES
"Fireside Chat on Banking," March 12, 1933, The American Presidency Project, www.presidency.ucsb.edu/
"Fireside Chats," History, April 23, 2010, www.history.com/