we just won an oscar to gather for all the little boys and girls who look like me watchin tonight, this is a beacon of hope and possibilities this is proof that dreams drea big, and dreams do come true and ladies, don t let anybod tell you you are ever past you prime. never give up! [applause] and on that, american dream affirming note, i wish you a good night from all of our colleagues across the networks of nbc news, thanks for staying up late i ll see you at the end of tomorrow thanks for joining us this hour. it s really good to have you here when we get a new president in this country, or when we get a president reelected for a ne term, that president i inaugurated. he, or maybe someday she, is sworn in to start a ne presidential term in january right? that s why it s always so cold january 20th is when the inauguration happens but that has only been tru since the 1930s. up until the 1930s, presidents did not get inaugurated in january. they waited another tw
herbert hoover, who had disastrous presidency in economic terms, during hoover time in office, there had been a series of banking panics people making runs on banks. it happened in specific part of the country in 1930, and in 1931 but then in 1932, there was really big surge in bank failures in both the west an the midwest. and there started to be national panic in 1932, when that nationa panic was taking hold, individual states starte declaring bank holidays. that was the first one to do it but then other states including michigan, followed suit individual states starte declaring holidays, they started declaring all banks to be close on specific days, basically just to stop peopl from rushing in and pulling al of their deposits an collapsing more banks. but doing that in a piecemea way, doing that state by state sort of happenstance, random