Preparation for defense is an inalienable prerogative of a sovereign state.

More striking still, it appeared that, if the process of concentration goes on at the same rate, at the end of another century we shall have all American industry controlled by a dozen corporations and run by perhaps a hundred men. Put plainly, we are steering a steady course toward economic oligarchy, if we are not there already.

A small group had concentrated into their own hands an almost complete control over other people's property, other people's money, other people's labor - other people's lives. For too many of us life was no longer free; liberty no longer real; men could no longer follow the pursuit of happiness.

Men are not prisoners of fate, but only prisoners of their own minds.

No greater blessing could come to our land today than a revival of the spirit of religion. I doubt if there is any problem in the world today -- social, political, or economic -- that would not find happy solution if approached in the spirit of the Sermon on the Mount.

On this tenth day of June, nineteen hundred and forty, the hand that held the dagger has struck it into the back of its neighbor.... In our unity, in our American unity we will pursue two obvious and simultaneous courses; we will extend to the opponents of force the material resources of this nation, and at the same time we will harness and speed up the use of those resources in order that we ourselves in the Americas may have equipment and training equal to the task of any emergency and every defense.

We must especially beware of that small group of selfish men who would clip the wings of the American Eagle in order to feather their own nests.