83.9k views
5 votes
Based on the excerpt, what is the purpose of Franklin Delano Roosevelt's speech?

a) to restore public trust in the banking system
b) to refute rumors about the banking system's collapse
c) to illustrate the important role of the banking system in society
d) to explain the process of the financial system's readjustment

User Lurifaxel
by
7.8k points

1 Answer

3 votes

Final answer:

The purpose of Franklin Delano Roosevelt's speech was to restore public trust in the banking system by explaining the actions of his administration and emphasizing the need for public confidence and cooperation.

Step-by-step explanation:

Based on the excerpt from Franklin Delano Roosevelt's speech, the purpose of his speech was a) to restore public trust in the banking system. Roosevelt took to the radio waves in his first "fireside chat" to reassure the nation and explain the measures taken by his admiistration to address the banking crisis.

The Emergency Banking Relief Bill enacted during his presidency was pivotal in reestablishing public confidencen as it ensured the federal backing of banks. Roosevelt emphasized the need for public cooperation and the restoration of confidence as fundamental to the success of the national financial system's recovery.

Roosevelt's addresses, including the fireside chats, were designed to build support and galvanize public opinion by directly conveying the government's efforts and fostering a collective sense of purpose and trust. Through his skillful communication, he aimed to quell rumors and prevent panic, highlighting the importance of confidence and courage among the citizens being crucial for the success of the financial readjustment.

User Fearghal
by
8.4k points