Stock FAQs

when the stock market crashed franklin roosevelt got on the television

by Dr. Elbert Sporer Published 3 years ago Updated 2 years ago
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What did Franklin Roosevelt say when the stock market crashed?

Joe Biden - When the stock market crashed, Franklin... When the stock market crashed, Franklin Roosevelt got on the television and didn't just talk about the princes of greed. He said, 'Look, here's what happened.'

Did Biden say ‘Roosevelt got on the television when the stock market crashes’?

During a 2008 interview, then-vice presidential candidate Joe Biden said "Franklin D. Roosevelt got on the television" when the stock market crashed in 1929.

Who was president when the stock market crashed in 1929?

First, Herbert Hoover was president when the stock market crashed, in 1929. Roosevelt did not take office until March of 1933. When he did, Roosevelt communicated to the people over radio — not television. You can watch the Biden clip here:

Why didn’t FDR talk about the economy on TV?

Second, if FDR had been president in 1929 and wanted to make a public statement on the state of the economy, it likely wouldn’t have aired on television. Because no one had a television yet.

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When did Joe Biden quote the quote "Gaffes"?

Joe Biden's gaffes have become an embarrassing trademark. The quote was made by Biden during an interview with Katie Couric and “CBS Evening News” in September 2008 while he was running as President Obama's VP.

Who said the stock market crashed?

A quote supposedly spoken by Biden about how President Franklin D. Roosevelt “got on television” to talk about the stock market crash in 1929 went viral on social media. The quote reads: “When the stock market crashed, Franklin D. Roosevelt got on the television and didn’t just talk about the, you know, the princes of greed.

Who was the first president to give a televised speech?

Herbert Hoover was POTUS then and Roosevelt didn't take office until 1933. Roosevelt was the first president to deliver a televised speech, but that didn’t happen until 1939. Additionally, televisions were not a household item when the stock market crashed in 1929.

When was the TV introduced?

The TV was introduced to the public at the 1939 World’s Fair in New York, almost 10 years after the crash. The Democratic vice presidential candidate’s mistake was picked up by the Associated Press and several other news organizations after the interview aired. Previous Story ‘Born Alive’ Baloney.

Did Joe Biden talk about the stock market?

Joe Biden tried to make a historical comparison between political leadership during the trying economic times of today and yesterday. But he got some of his history wrong. Biden told Couric: “When the stock market crashed, Franklin Roosevelt got on the television and didn’t just talk about the , you know, the princes of greed.”

What did the Democratic challenger do to the forgotten man?

Democrats usually like to remind the public that a Republican was president during the 1929 stock market crash.

Was Biden incorrect in citing Roosevelt as a leader to the stock market crash of 1929?

Biden was not incorrect in citing Roosevelt responding as a leader to the stock market crash of 1929. FDR was, after all, governor of New York, where the financial crisis was centered, and he was therefore expected to offer an assessment and vigorous response.

Who was the last president of the United States in 2004?

During the 2004 presidential election, John Kerry's campaign repeatedly cited Hoover as the last president until George W. Bush to oversee a loss of jobs during his time in office. Biden was commenting on the stock market crash when he said leaders should explain the current economic crisis and how to solve it to the public.

Why did FDR go on TV in 1929?

The wing-nuts are up in arms about a statement Senator Biden made during his recent interviewwith Katie Couric, where Biden states that FDR went on TV in 1929 after the stock market crash to tell the people what happened. Biden was using the example to demonstrate what true leadership looks like, and contrasting McSame’s negativity ...

What did Franklin Roosevelt do when he became governor?

By the time Roosevelt became governor, millions of homes had radio sets. In a series of radio reports to the citizens of New York, he explained his proposals in plain everyday language. He pursuaded thousands of listeners to send letters and telegrams to the lawmakers who opposed him. Source for above.

When did Biden say FDR went on TV?

Biden Right about FDR in 1929. The wing-nuts are up in arms about a statement Senator Biden made during his recent interview with Katie Couric, where Biden states that FDR went on TV in 1929 after the stock market crash to tell ... The wing-nuts are up in arms about a statement Senator Biden made during his recent interview with Katie Couric, ...

Why did the governor of New York use radio?

Source for above. "As governor of New York he had used radio broadcasts to reach many -- and to do so over the heads of the state legislature when he became annoyed by its rejection of his proposed bills. His first radio address was broadcast in 1929 as a means to battle "a recalcitrant legislature.".

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