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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 didn t get inaugurated until march. last time a president got inaugurated on the old day in march was march 4, 1933. that was one president franklin delano roosevelt cuts one in for the first time. that was also the last time we as a country would have to wait that whole four months after the election before we left the new president take over. after we had that first inauguration in march, 1933, we moved the date earlier and back to january. we actually had to amend the united states constitution in order to ....
we just won an oscar to gather for all the little boys and girls who look like me watchin tonight, this is a beacon of hope and possibilities this is proof that dreams drea big, and dreams do come true and ladies, don t let anybod tell you you are ever past you prime. never give up! [applause] and on that, american dream affirming note, i wish you a good night from all of our colleagues across the networks of nbc news, thanks for staying up late i ll see you at the end of tomorrow thanks for joining us this hour. it s really good to have you here when we get a new president in this country, or when we get a president reelected for a ne term, that president i inaugurated. he, or maybe someday she, is sworn in to start a ne presidential term in january right? that s why it s always so cold january 20th is when the inauguration happens but that has only been tru since the 1930s. up until the 1930s, presidents did not get inaugurated in january. they waited anot ....
Your deposits will be ther when you need them because the actions ar regulators have already taken, every american should feel confident that the deposit will be there, if and when the need them. i assure you it safer t keep your money in a reopene bank that under the mattress in other news. the only thing we have to fear is fear itself 90 years apart same message from the president, 90 years apart another bank run and the reason president biden today was able to say you don have to put your money under the mattress, it s safe, we re making sure of it, everybody who deposited money in these banks will be able to get thei money out of these banks, th reason he was able to promis that today is also because o fdr. because after franklin d roosevelt was sworn in in march, 1933, and two days later, he took control the banking crisis, and six days later he gave his first fireside chat, in whic he explain the full bankin crisis to the american peopl and told him what he was doing ....
That whole four months after the election before we left the new president take over. after we had that first inauguration in march, 1933, we moved the date earlier and back to january. we actually had to amend the united states constitution in order to make the change. they call that amendment to the constitution they called it the lame duck amendment, because by moving the inoculation from march january, we were shortening the period and eliminating a long period after which the old president had been voted out, but before the new one started on the job the idea was obvious. it was to try to minimize the risk of crisis, confusion in terms of who was running the country. that was in case something happened the period between the ....
First time a nationwide bank holiday, to freeze the banking system in place, to finally pu a national system, a nationa response in place to shore u banking coast to coast, to giv americans everywhere assurance that they would not lose their money in the bank s. and after that, we woul never again, as a country, wai that long for a new presiden to take over after he had been elected in november. when fdr sprang into action in march 1933, when he stopped th national banking crisis tw days after he was sworn in, he also, at the same time invented a whole new thing t communicate with the america people, to explain to them wha he and his new administratio were doing and how it wa supposed to work, to stop th national run on the banks. fdr was sworn in march 4th he instituted that federal ban holiday on march 6th on march 12th, he gave his ....