On the recordMarch 12, 1933
The new law allows the twelve Federal Reserve banks to issue additional currency on good assets...
Said by
Franklin D. Roosevelt
Source
millercenter.orgThe new law allows the twelve Federal Reserve banks to issue additional currency on good assets...
Describing measures taken to stabilize the banking system.
Share
More from Franklin D. Roosevelt
There is an element in the readjustment of our financial system more important than currency, more important than gold, and that is the confidence of the people.
When you deposit money in a bank the bank does not put the money into a safe deposit vault. It invests your money in many different forms of credit...
I want to talk for a few minutes with the people of the United States about banking...
The plain facts are that the Nazis have proclaimed, time and again, that all other races are their inferiors and therefore subject to their orders.