Thinking Panic News Today

>> thank you for joining us. it is good to have you here. when we get a new president in this country or when we get a president re-elected for a new term, that president is inoculated. he or someday she is sworn in to start a new presidential term in january. that is why it is always so cold. january 20 is when it happens. that has only been true since the 1930s. up until the 1930s, presidents did not get inaugurated in january. they waited another two months and didnt get inaugurat...

Great depression. during the term of the previous president, republican herbert hoover, disastrous presidency in economic terms. doing his time in office, there was a series of thinking panic. people made runs on banks. in 1932, there was a really big surge in bank failures in the west and midwest. there started to be a national panic. in 1932 when the national panic was taking hold in individual states, they started to and bank holidays. nevada was the first who did it, but other states like mi...