Franklin Roosevelt's Fireside Chat in 1933

In the midst of the Great Depression, President Franklin D. Roosevelt delivered a "Fireside Chat" in May 1933 to address the serious economic problems facing the country.

Source 1

Two months ago we were facing serious problems. The country was dying by inches. It was dying because trade and commerce had declined to dangerously low levels; prices for basic commodities were such as to destory the value of national institutions such as banks, savings banks, insurance companies, and others. These institutions, becuase of their great need, were foreclosing mortgages, calling loans, refusing credit. Thus there was actually in process of destruction the property of millions of people who had borrowed money on that property in terms of dollars which had an entirely different value from the level of March, 1933.

President Franklin D. Roosevelt's "Fireside Chat," May 1933

Question 1

Short answer

Identify ONE event that led to the economic conditions described in the excerpt.

Question 2

Short answer

Explain ONE way the economic conditions described in the excerpt influenced New Deal legislation.

Question 3

Short answer

Evaluate the effectiveness of one New Deal law Congress passed to solve the economic issues described in the excerpt.

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