 FDR
 
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When Roosevelt was inaugurated in March 1933, the U.S. was at the
nadirof the worst depression in its history. A quarter of the workforce
was
unemployed. Farmers were in deep trouble as prices fell by 60%.
Industrial production had fallen by more than half since 1929. In a
country with limited government social services outside the cities, two
million were homeless. The banking system had collapsed completely.
Historians later categorized Roosevelt's program as relief, recovery
and reform. Relief was urgently needed by tens of millions of
unemployed. Recovery meant boosting the economy back to normal. Reform
meant long-term fixes of what was wrong, especially with the financial
and banking systems. [For details see New Deal article.] Roosevelt's
series of radio speeches, known as Fireside Chats, presented his
proposals to the American public. The informal chats not only reassured
listeners but—unlike formal speeches—made it seem
the
President was in the room at fireside explaining the actions he was
taking.
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