President Franklin D. Roosevelt delivered his iconic "First Inaugural Address" on March 4, 1933, during a time of deep economic crisis in the United States known as the Great Depression. His speech famously declared, “The only thing we have to fear is fear itself,” emphasizing the need for hope and action to combat the economic downturn. Roosevelt outlined his vision for recovery through a series of government programs and reforms he would implement, which collectively became known as the New Deal. His address aimed to inspire confidence and encourage public trust in his leadership during a tumultuous period.