What happened in the banking industry in the years leading up to 1933? Bank failures were staying about the samedeclining✔ increasing.
How many banks failed in 1933?1,0002,500✔ 4,000
Before 1933, what happened to customers’ deposits if a bank failed?
What would you predict the purpose of this speech to be?
Who is the audience for this speech?wealthy bankers✔ ordinary consumersforeign diplomats
How would you characterize the mood of the American people who listened to the fireside chats?
What would you do if you feared your bank was about to fail?
If I feared my bank was about to fail, I would likely try to withdraw my funds as quickly as possible to protect my savings. This reaction is what typically causes a bank run. However, in modern times, I would also check if my deposits were protected by the FDIC, which insures deposits up to a certain amount, providing a safety net that prevents the need for a panic-driven withdrawal.
If you said something like “take out all of my money,” you are like most Americans who lived during the Depression.What problems were created as more and more Americans removed their money from the banks? Check all of the boxes that apply.
Which of these words best describes the tone of this speech?✔ conversationalformalangry
What challenges did President Roosevelt face as he tried to win over the American public? Check all of the boxes that apply.
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