Franklin D Roosevelt
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Published in March 1933 when Franklin Delano Roosevelt was first inaugurated, the classic New York Times bestseller Looking Forward delivers F.D.R.'s honest appraisal of the events that contributed to the Great Depression and mirror our own situation today. With blunt, unflinching, and clear prose Roosevelt attacks head-on the failure of the banking system and the U.S. government and sets forth his reasoning and hope for the major reforms of his New Deal.
Compiled from F.D.R.'s articles and speeches, Looking Forward includes chapters such as "Reappraisal of Values," "Need for Economic Planning," "Reorganization of Government," "Expenditure and Taxation," "The Power Issue," "Banking and Speculation," and "National and International Unity" in which Roosevelt argues for the reassessments and reforms that are needed again in American society and throughout the world today.
An inspiring beacon from the past, Looking Forward sheds critical light on today's turbulent world.
our personal responsibility, faith in our institutions, faith in ourselves, demands that we recognize the new terms of the old social contract. In this comment I outline my basic conception of these terms, with the confidence that you will follow the action of your new national administration, understanding that its aims and objects are yours and that our responsibility is mutual. FRANKLIN D. ROOSEVELT Hyde Park March 1, 1933 Chapter I Reappraisal of Values The issue of government has always
plan for its relief; and second, they destroyed the foreign markets for our exportable surplus, beginning with the Fordney-McCumber tariff and ending with the Grundy tariff, thus violating the simple principles of international trade and forcing the retaliation of the other nations of the world. I cannot forbear at this point from expressing my amazement that in the face of this retaliation—inevitable from the day that the Grundy tariff became a law and predicted by every competent observer at
criticism, I think, is well founded that the government did not follow through with a well-considered programme of putting the railways back upon their feet. And certainly when the railways applied for cash the government was at least entitled to make the kind of requirement which a private banker would make under similar circumstances to protect his interest. The government, in lending public money, is entitled and should make sure to protect the public interest. Further, when mere loans cannot
build railways and we have them today. It has been estimated that the American investor paid for the American railway system more than three times over in the process, but despite this fact the net advantage was to the United States. As long as we had free land, as long as population was growing by leaps and bounds, as long as our industrial plants were insufficient to supply our own needs, society chose to give the ambitious man free play and unlimited reward, provided only that he produced the
enlightened industries endeavour to limit the freedom of action of each man and business group within the industry in the common interest of all. That is why business men everywhere are asking for a form of organization which will bring the scheme of things into balance, even though it may in some measure qualify the freedom of action of individual units within the business. I think that everyone who has actually entered the economic struggle—which means everyone who was not born to safe