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.

The royalists of the economic order have conceded that political freedom was the business of the government, but they have maintained that economic slavery was nobody's business. They granted that the government could protect the citizen in his right to vote, but they denied that the government could do anything to protect the citizen in his right to work and his right to live. Today we stand committed to the proposition that freedom is no half-and-half affair. If the average citizen is guaranteed equal opportunity in the polling place, he must have equal opportunity in the market place.

True wealth is not a static thing. It is a living thing made out of the disposition of men to create and distribute the good things of life with rising standards of living.

[D]rilling and arming, when carried on on a national scale, excite whole populations to frenzies which end in war.

The handling of our forests as a continuous, renewable resource means permanent employment and stability to our country life. The forests are also needed for mitigating extreme climatic fluctuations, holding the soil on the slopes, retaining the moisture in the ground, and controlling the equable flow of water in our streams.

We defend and we build a way of life, not for America alone, but for all mankind.

I am particularly interested in the indications that the people seem to understand and approve the necessity of pursuing the course that will prevent a further effort on the part of the German peoples to continue the struggle for world domination, even though they are thoroughly beaten in this war.