Subtitles section Play video
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.