Meaning: The quote you provided is often attributed to Joe Biden, the 46th President of the United States, and former Vice President under Barack Obama. However, the quote contains some inaccuracies and misconceptions. The actual events and historical context surrounding the stock market crash and the introduction of television into American households do not align with the statement.

The quote seems to conflate several historical events. The stock market crash, often referred to as "Black Tuesday," occurred on October 29, 1929, during the presidency of Herbert Hoover, not Franklin Roosevelt. At the time of the crash, Roosevelt was the Governor of New York and had not yet been elected President. Additionally, television was not widely available to the public in the 1920s and 1930s, and it certainly was not a common medium for presidential addresses during the Great Depression.

In reality, it was President Hoover, not Roosevelt, who was in office when the stock market crashed. Hoover did address the nation and took various measures to try to stabilize the economy in the aftermath of the crash. However, his efforts were widely perceived as inadequate, and the country sank deeper into the Great Depression. It was Roosevelt who succeeded Hoover and implemented the New Deal, a series of economic programs and reforms aimed at providing relief, recovery, and reform to the American people.

The concept of a president addressing the nation on television during the 1930s is an anachronism. Television broadcasting did not become widespread until the late 1940s and early 1950s. Roosevelt's famous "fireside chats," in which he spoke to the American people over the radio, are more in line with the kind of direct communication with the public that the quote seems to be referencing.

It is also worth noting that the phrase "princes of greed" does not appear in any known public address by Roosevelt, and there is no record of him using such terminology in relation to the stock market crash. This further suggests that the quote is a misattribution or a misrepresentation of historical events.

In conclusion, while the sentiment expressed in the quote may align with certain political ideologies or critiques of capitalism, the specific historical details and events mentioned are inaccurate. It is important to critically evaluate the accuracy of quotes and historical narratives, especially when attributing them to public figures. Understanding the context and accuracy of historical events is crucial for forming informed opinions and engaging in meaningful discourse.