[F]irst of all, let me assert my firm belief that the only thing we have to fear is fear itself—nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. In every dark hour of our national life a leadership of frankness and vigor has met with that understanding and support of the people themselves which is essential to victory.
Many people will recognize these as the words of former President Franklin D. Roosevelt. After taking the oath of office on Saturday, March 4, 1933, Roosevelt delivered his inaugural address, containing the now famous line. In his speech, the President spoke to a crowd in the early throws of the Great Depression. High unemployment and an uncertain future had many Americans wondering, “What’s next?”
My late grandfather was 21 at this time, the only one in his family with a job, making a small wage—even for the time. Put simply, this experience would impact him for the rest of his life.
He was reluctant to throw anything away or buy anything new. In fact, he didn’t like to spend money if he could avoid it and saved all that he could. He had a lifelong distrust of the stock market and banks. In 1999, at the height of the Y2K scare, my grandfather withdrew some five figures from his bank and stashed it in his house. (Upon learning this, my mother and my aunt managed to convince him that the bank was in fact a safe place for his savings, and he re-deposited the money in his account.)
The fact of the matter is that my grandfather wanted to make sure he could provide for his family (and he did). As much as I hate to think of it this way—I think my grandfather was afraid. He was afraid of once again being in a position of having practically nothing, of being that 21 year old kid and knowing that, if he lost his job, his family was in trouble.
In reading FDR’s speech, in hearing his discussion about fear, I think about my grandfather. Full story...
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Many people will recognize these as the words of former President Franklin D. Roosevelt. After taking the oath of office on Saturday, March 4, 1933, Roosevelt delivered his inaugural address, containing the now famous line. In his speech, the President spoke to a crowd in the early throws of the Great Depression. High unemployment and an uncertain future had many Americans wondering, “What’s next?”
My late grandfather was 21 at this time, the only one in his family with a job, making a small wage—even for the time. Put simply, this experience would impact him for the rest of his life.
He was reluctant to throw anything away or buy anything new. In fact, he didn’t like to spend money if he could avoid it and saved all that he could. He had a lifelong distrust of the stock market and banks. In 1999, at the height of the Y2K scare, my grandfather withdrew some five figures from his bank and stashed it in his house. (Upon learning this, my mother and my aunt managed to convince him that the bank was in fact a safe place for his savings, and he re-deposited the money in his account.)
The fact of the matter is that my grandfather wanted to make sure he could provide for his family (and he did). As much as I hate to think of it this way—I think my grandfather was afraid. He was afraid of once again being in a position of having practically nothing, of being that 21 year old kid and knowing that, if he lost his job, his family was in trouble.
In reading FDR’s speech, in hearing his discussion about fear, I think about my grandfather. Full story...
Related posts:
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