Chief Executives and Bureaucracies - TCI

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From Government Alive! Power, Politics, and YouStudent Handout 13APresident Roosevelt Document 1Proclamation No. 2038Calling Congress into Extraordinary SessionMarch 5, 1933Whereas public interests require that the Congress ofthe United States should be convened in extra session attwelve o’clock, noon, on the Ninth day of March, 1933, toreceive such communication as may be made by the Executive;Now, Therefore, I, Franklin D. Roosevelt, Presidentof the United States of America, do hereby proclaimand declare that an extraordinary occasion requires theCongress of the United States to convene in extra sessionat the Capitol in the City of Washington on the Ninthday of March, 1933, at twelve o’clock, noon, of whichall persons who shall at that time be entitled to actas members thereof are hereby required to take notice.IN WITNESS WHEREOF, I have hereunto set my hand andcaused to be affixed the great seal of the United States.Source: The American Presidency Project.210 Chapter 13 © Teachers’ Curriculum Institute 2, Inc.(c) Teachers' Curriculum Institute www.teachtci.com info@teachtci.com
From Government Alive! Power, Politics, and YouStudent Handout 13APresident Roosevelt Document 2First Fireside Chat, March 12, 1933I want to talk for a few minutes with the people of theUnited States about banking . . . I want to tell you whathas been done in the last few days, why it was done, andwhat the next steps are going to be . . .What, then, happened during the last few days of Februaryand the first few days of March? Because of underminedconfidence on the part of the public, there was ageneral rush by a large portion of our population to turnbank deposits into currency or gold—a rush so great thatthe soundest banks could not get enough currency to meetthe demand . . . By the afternoon of March 3d scarcely abank in the country was open to do business . . .It was then that I issued the proclamation providingfor the nationwide bank holiday, and this was the firststep in the Government’s reconstruction of our financialand economic fabric.The second step was the legislation promptly andpatriotically passed by the Congress confirming myproclamation and broadening my powers so that itbecame possible . . . to extend the holiday and lift theban of that holiday gradually . . .This bank holiday, while resulting in many cases ingreat inconveniences, is affording us the opportunity tosupply the currency necessary to meet the situation . . .We had a bad banking situation. Some of our bankershad shown themselves either incompetent or dishonestin their handling of the people’s funds. They had usedthe money entrusted to them in speculations and unwiseloans. This was, of course, not true in the vast majority ofour banks, but it was true in enough of them to shock thepeople for a time into a sense of insecurity . . . It was theGovernment’s job to straighten out this situation and do itas quickly as possible. And the job is being performed.I do not promise you that every bank will be reopenedor that individual losses will not be suffered . . . We [thegovernment] shall be engaged not merely in reopeningsound banks but in the creation of sound banks throughreorganization.It has been wonderful to me to catch the note ofconfidence from all over the country. I can never besufficiently grateful to the people for the loyal supportthey have given me . . .After all, there is an element in the readjustment of ourfinancial system more important than currency, moreimportant than gold, and that is the confidence of thepeople. Confidence and courage are the essentials of successin carrying out our plan. You people must have faith;you must not be stampeded by rumors or guesses. Let usunite in banishing fear. We have provided the machineryto restore our financial system; it is up to you to supportand make it work.It is your problem no less than it is mine. Together wecannot fail.Source: The American Presidency Project.© Teachers’ Curriculum Institute 2, Inc. Chief Executives and Bureaucracies 211(c) Teachers' Curriculum Institute www.teachtci.com info@teachtci.com
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Chief Executives and Bureaucracies - TCI

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