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Question
read the following excerpt. it is adapted from a 1933 radio address given by president franklin delano roosevelt during the great depression.
my friends, i want to talk for a few minutes with the people of the united states about banking—to talk 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....
there is an element in the readjustment of our financial system more important than currency, more important than gold, and that is the confidence of the people themselves. confidence and courage are the essentials of success in carrying out our plan. you people must have faith; you must not be stampeded by rumors or guesses. let us unite in banishing fear. we have provided the machinery to restore our financial system, and it is up to you to support and make it work.
it is your problem, my friends, your problem no less than it is mine. together we cannot fail.
adapted from franklin delano roosevelt, \first fireside chat\
based on the excerpt, what is the purpose of franklin delano roosevelts speech?
to refute rumors about the banking systems collapse
to restore public trust in the banking system
to illustrate the important role of the banking system in society
The text emphasizes the importance of people's confidence in the financial system. Roosevelt mentions that confidence is crucial for the success of the plan to restore the financial system. He also asks people to have faith and not be panicked by rumors, indicating that the goal is to restore public trust. While refuting rumors is part of it, the overarching purpose is to restore trust. Illustrating the role of the banking system is not the main purpose as the focus is on restoring confidence.
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to restore public trust in the banking system