Whats happens in March?

On this day in 1933, eight days after his inaugurations, President Franklin D. Roosevelt gives his frist national radio address or "fireside chat," broadcast directly form the White House. Roosevelt began that first address simply: "i want to talk for a few minutes with the people of the nited States about banking." He went on to explain his recent decision to close the nation's banks in order to stop a surge in mass withdrawls by panicked investors worried about possible bank failures. The bank would be reopening the next day, Roosevelt said, and he thanked the public for their "fortitude and good temper" during the "banking holiday."