FDR 's First Fireside Chat On March 12,1933, President Bonday it dalivered the following radio talk to the nation from the Prosidont's study in House at 10pm. I want to talk for few minutes with the people of the United States understand the mechanics of banking but more particularly with the overwhelming majority who use banks for the making and the drawing of checks. I want to tell you what has been done in the last few days, why it was done, and what the next steps are going to be. I that the many proclamations from State Capitols and from Washington, the legislation the Treasury regulations, etc. couched for the most part in banking and legal terms should be explained for the benefit of the average citizen. I owe this in particular of the fortitude and good temper with which everybody has accepted the inconvenience and hardships of the hich everybody has know that when you understand what we in Washington have been about I shall continue to have your cooperation as fully as I have had your sympathy and help during the past First of all let me state the simple fact that when you deposit money in a bank the bank does not put the money into a safe deposit vault It invests your money in many different forms of credit-bonds commercial paper, mortgages and many other kinds of loans. In other words, the bank puts your money to work to keep the wheels of industry and of agriculture turning around. A comparatively small part of the money you put into the bank is kept in - an amount which in normal times is wholly sufficient to cover the cash needs of the average citizen. In other words the total amount of all the currency in the country is only a small fraction of the total deposits in all of the banks. It was then that I issue the proclamation providing for the nation-wide bank holiday, and this was the first step in the government's reconstruction of our financial and economic fabric. 1. When was the first fireside chat given? 2. Is this a primary or secondary source? 3. Why did Roosevelt use the radio to talk to the public? 4. What was the main topic of the chat? 5. According to Roosevelt, what happens to money when it is deposited into a bank? Explain.

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FDR 's First Fireside Chat On March 12,1933, President Bonday it dalivered the following radio talk to the nation from the Prosidont's study in House at 10pm. I want to talk for few minutes with the people of the United States understand the mechanics of banking but more particularly with the overwhelming majority who use banks for the making and the drawing of checks. I want to tell you what has been done in the last few days, why it was done, and what the next steps are going to be. I that the many proclamations from State Capitols and from Washington, the legislation the Treasury regulations, etc. couched for the most part in banking and legal terms should be explained for the benefit of the average citizen. I owe this in particular of the fortitude and good temper with which everybody has accepted the inconvenience and hardships of the hich everybody has know that when you understand what we in Washington have been about I shall continue to have your cooperation as fully as I have had your sympathy and help during the past First of all let me state the simple fact that when you deposit money in a bank the bank does not put the money into a safe deposit vault It invests your money in many different forms of credit-bonds commercial paper, mortgages and many other kinds of loans. In other words, the bank puts your money to work to keep the wheels of industry and of agriculture turning around. A comparatively small part of the money you put into the bank is kept in - an amount which in normal times is wholly sufficient to cover the cash needs of the average citizen. In other words the total amount of all the currency in the country is only a small fraction of the total deposits in all of the banks. It was then that I issue the proclamation providing for the nation-wide bank holiday, and this was the first step in the government's reconstruction of our financial and economic fabric. 1. When was the first fireside chat given? 2. Is this a primary or secondary source? 3. Why did Roosevelt use the radio to talk to the public? 4. What was the main topic of the chat? 5. According to Roosevelt, what happens to money when it is deposited into a bank? Explain.

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1. When was the first fireside chat given?Step: Refer to the provided date in the question.Answer: The first fireside chat was given on March 12, 1933.2. Is this a primary or secondary source?Step: Determine if the source is a direct account from the time of the event or a later interpretation.Answer: This is a primary source because it is the original speech delivered by President Franklin Roosevelt himself.3. Why did Roosevelt use the radio to talk to the public?Step: Consider the context and the purpose of the radio talk.Answer: Roosevelt used the radio to talk to the public to directly communicate his policies and reassure the nation during a time of crisis, in a way that was accessible to the majority of Americans.4. What was the main topic of the chat?Step: Identify the central subject of the speech from the provided text.Answer: The main topic of the chat was banking, specifically what had been done during the banking crisis, the reasons behind those actions, and the next steps in the government's plan to reconstruct the financial and economic fabric of the country.5. According to Roosevelt, what happens to money when it is deposited into a bank? Explain.Step: Extract the explanation from the text regarding the use of deposited money by banks.Answer: According to Roosevelt, when money is deposited into a bank, it is not simply stored in a vault; instead, the bank invests the money in various forms of credit such as bonds, commercial paper, mortgages, and other kinds of loans. This is done to keep the wheels of industry and agriculture turning. Only a small part of the deposited money is kept in currency to meet the cash needs of the average citizen.6. How do you think most Americans responded to FDR's Fireside Chats?Step: Provide an informed opinion based on historical context.Answer: Most Americans likely responded positively to FDR's Fireside Chats. They were a source of comfort and reassurance during the Great Depression, and Roosevelt's conversational style made the government's policies and actions more understandable to the average citizen. The chats are generally credited with bolstering public confidence in Roosevelt's administration.

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