President Franklin D Roosevelt took office at the low point of the great depression, however over the course of his presidency the state of the nation would dramatically improve thanks in part his domestic policy known as the New Deal. In his First innaugural address, Roosevelt urged the nation to maintain its composure, stressing that conditions would soon improve and stating that "There is nothing to fear but fear itself." He addresses the several financial and material issues within the nation, but also says that the nation still has much to be thankful for. He reiterates the idea that americans' wealth and prosperity does not lie in their possesions and materials, but in hard work and integrity and joy in acheivement. He states that their biggest task in the coming years is to put people back to work. The depression had the highest unemployment rate of any other time in american history at a rate of almost 25%. He also says: there must be a strict supervision of all banking and credits and investments; there must be an end to speculation with other people's money, and there must be provision for an adequate but sound currency. He finishes by stating that what is needed to overcome the obstacles ahead is persistence and dedication, and with that, though challanging, change will come.
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