The first action that needs to be taken is that the government needs to decrease unemployment. By doing this, the economy could once again thrive, and the use of natural resources could be stimulated and reorganized. The second action that must be taken is to fix overpopulation by reducing prices of land/homes, raising prices on agricultural products, unifying relief activities, etc. Finally, to prevent further economic trouble, there must be strict supervision over economic activities, an end to speculation of other people's money, and a provision for a strong and effective currency.
To accomplish these tasks, Roosevelt states that a new Congress must be created and that he must have assistance from several states. At this point in time, American economic issues need to come before international affairs in order to keep the country strong.
At one point, Roosevelt mentions his "good neighbor policy" and says that the United States will behave like a good neighbor by respecting both itself and the other countries of the world.
He explains that the American people must be willing to sacrifice for the good of the common discipline, and that they must be willing to strike down problems that are presented.
He notes that the Constitution has always allowed America to prosper, and that because of such principles, America is the strongest nation in the world. However, he says that if the course of action he created in order to fix the current crisis fails, then he will ask Congress to establish a broad Executive power to wage war against the economic problems within the nation.
Roosevelt finishes his Address by stating that the people depend on him to fix the issues at hand, and with faith, strength, and hope, he gladly takes on that responsibility.
Roosevelt's most famous quote from his First Inaugural Address is: "the only thing we have to fear is fear itself."
Franklin D. Roosevelt gives his First Inaugural Address |
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