The new currency is being sent out by the Bureau of Engraving and Printing in large volume to every part of the country.
It is sound currency because it is backed by actual, good assets.
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A national radio broadcast by President Franklin Delano Roosevelt's on the bank failures that lead to the financial crisis that would later become known as the Great Depression.
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Proclamations closing them in whole or in part had been issued by the Governors in almost all the states.
It was then that I issued the proclamation providing for the national bank holiday, and this was the first step in the Government's reconstruction of our financial and economic fabric.
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This bank holiday while resulting in many cases in great inconvenience is affording us the opportunity to supply the currency necessary to meet the situation.
Remember that no sound bank is a dollar worse off than it was when it closed its doors last week.
Because of undermined confidence on the part of the public, there was a general rush by a large portion of our population to turn bank deposits into currency or gold.
A rush so great that the soundest banks couldn't get enough currency to meet the demand.