Read the excerpt from Franklin Roosevelt’s first fireside chat on March 12, 1933, to answer the question.
My friends, I want to talk for a few minutes with the people of the United States about banking—with the comparatively few who understand the mechanics of banking, but more particularly with the overwhelming majority of you who use banks for the making of deposits and the drawing of checks. I want to tell you what has been done in the last few days, and why it was done, and what the next steps are going to be…
First of all, let me state the simple fact that when you deposit money in a bank, the bank does not put the money into a safe deposit vault. It invests your money in many different forms of credit—in bonds, commercial paper, mortgages, and many other kinds of loans. In other words, the bank puts your money to work to keep the wheels of industry and of agriculture turning around.
A comparatively small part of the money you put into the bank is kept in currency—an amount which in normal times is wholly sufficient to cover the cash needs of the average citizen. In other words, the total amount of all the currency in the country is only a comparatively small proportion of the total deposits in all of the banks.
Which statement best characterizes the leadership skills Roosevelt demonstrates in this excerpt?
(1 point)
Responses
He led by teaching Americans about subjects he thought they should know.
He led by teaching Americans about subjects he thought they should know.
He led by explaining his policies in a way most Americans could understand.
He led by explaining his policies in a way most Americans could understand.
He led by investing the government's money in different forms of credit, such as bonds.
He led by investing the government's money in different forms of credit, such as bonds.
He led by instructing Americans on how to invest their money to save the banks.
He led by instructing Americans on how to invest their money to save the banks.
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