A photograph of FDR being inaugurated as President
FDR states that America needs to face its problems honestly- and that the only thing they had to fear was "fear itself."He addresses the problems the American citizens are having from the Great Depression, including the failure of currency to keep up with the supply and demand of the country and the great numbers of people who are unemployed. He says that the bankers have been ineffective, and that their efforts to improve the situation have only worsened it and they suggest no good ways for getting the economy back on its feet. FDR asserts that the way to restore everything is to apply social values that are more noble than only seeking for a monetary profit and that immediate action is what the nation needs to have in order to get itself out of the Depression. He also recognizes that putting people back to work on projects that will help the country is the logical first step, as well as greatly increasing government involvement in these projects and keeping a close eye on banking, credits, and investment to prevent a tragedy like this one from reoccurring. FDR further says that these actions, and placing other countries' needs after the United States' intends to recover the country, not act out of nationalistic ideas. He says that everyone needs to be willing to make sacrifices towards the common good if people want these goals to become a reality, and also warns that even though the normal government functions should be enough, he might have to change some things around if nothing is working, notably the balance of power in the governmental branches. FDR concludes by stating that he will face this emergency as if it were a war, and asks for the guidance of god in his coming days in office.
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