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  • collapsed.

  • Go on the wild, Right?

  • The balloon burst the depression.

  • Everything down the drain.

  • Banks failed, closing their doors.

  • Stores failed.

  • Closed bolted industry factory mills plants all across the country shut down.

  • Closed fire escapes were worthless.

  • Now plenty of merchandise.

  • Plenty of things to sell.

  • But who had the money to buy?

  • When production is greater than ability to buy?

  • That's a depression.

  • 12 million unemployed.

  • 15.

  • 17 million.

  • No place to go.

  • Waited 10.

  • He couldn't riled up sometimes and just going over farmers fighting over the price of milk when nobody could buy it anyways.

  • 100 aboutthe farms but under the hammer for non payment of mortgage.

  • It had come close to lynching federal judges who issued foreclosures.

  • Most of all, you felt it inside wasn't only a belly that was hungry.

  • I felt a uselessness, but you weren't a man anymore.

  • 1930 31.

  • 32.

  • The bottom There have been panics before.

  • Depressions Not like this never like this.

  • Within the year, three million Americans are ex wage earners, unemployed and the ranks of the unemployed out a sore to 15 million 5000 banks shut their doors to depositors now in greatest need of their savings.

  • Many would never really.

  • Private construction virtually ceases.

  • Mills and factories shut down.

  • Railroads come to a virtual standstill.

  • Millions of Americans men, women and Children wait in the cold on bread lines in soup kitchens.

  • Fortunate are on relief.

  • The lucky worked for an average of $3 a day.

  • Take home pay.

  • I plug you, I pledge myself.

  • Go on, you deal, or the American people and you voice pledging What some sort of you deal?

  • And people listened.

  • They weren't sure.

  • Ah, voice saying We could be let out of it.

  • But saying was one thing.

  • Campaign talk.

  • What would happen when he got in November 1932.

  • Elected January 1933 February 1933.

  • March Inauguration.

  • This is a day of national consecration, and I am certain that on this day my fellow Americans expect that on my induction into the presidency, I will address them with a panda and a decision with the present situation of our people impelled, I am prepared under my constitutional duty to recommend the measures that a stricken nation in the midst of a stricken world may require these measures or such other measures.

  • As the Congress may build out of its experience and wisdom, I shall seek within my constitutional authority to bring to speedy it up.

  • But in the event that the Congress have failed to take one of these two parties in the event that the national emergency is still critical, I shall not evade the clear course of duty that will then confront me.

  • I shall ask the Congress for the one remaining instrument to meet the crisis broad executive power the way J r r against the emergency as great as the power that would be given to me if we were, in fact invaded by a foreign foe.

  • This nation is asking for action and action.

  • Now, in this dedication of a nation, we humbly the blessing of God.

collapsed.

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