FDR’s First Inaugural Address

Someone sent me an email today with a eerily poignant passage from FDR’s inaugural address in 1933.  I was compelled to search for and read it, in its entirety.  Parts of it more than likely speak to our near future, the body of it speaks strikingly to our recent past.  An extended reference is pasted below as is a word cloud of the entire address.

“Yet our distress comes from no failure of substance. We are stricken by no plague of locusts. Compared with the perils which our forefathers conquered because they believed and were not afraid, we have still much to be thankful for. Nature still offers her bounty and human efforts have multiplied it. Plenty is at our doorstep, but a generous use of it languishes in the very sight of the supply. Primarily this is because the rulers of the exchange of mankind’s goods have failed, through their own stubbornness and their own incompetence, have admitted their failure, and abdicated. Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men.

True they have tried, but their efforts have been cast in the pattern of an outworn tradition. Faced by failure of credit they have proposed only the lending of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence. They know only the rules of a generation of self-seekers. They have no vision, and when there is no vision the people perish.

The money changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths. The measure of the restoration lies in the extent to which we apply social values more noble than mere monetary profit.

Happiness lies not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort. The joy and moral stimulation of work no longer must be forgotten in the mad chase of evanescent profits. These dark days will be worth all they cost us if they teach us that our true destiny is not to be ministered unto but to minister to ourselves and to our fellow men.

Recognition of the falsity of material wealth as the standard of success goes hand in hand with the abandonment of the false belief that public office and high political position are to be valued only by the standards of pride of place and personal profit; and there must be an end to a conduct in banking and in business which too often has given to a sacred trust the likeness of callous and selfish wrongdoing. Small wonder that confidence languishes, for it thrives only on honesty, on honor, on the sacredness of obligations, on faithful protection, on unselfish performance; without them it cannot live.

Restoration calls, however, not for changes in ethics alone. This Nation asks for action, and action now.”

The only thing we have to fear is fear itself.

The only thing we have to fear is fear itself.

Sources:
“Only Thing We Have to Fear Is Fear Itself”: FDR’s First Inaugural Address
Franklin D. Roosevelt, First Inaugural Address, March 4, 1933
http://historymatters.gmu.edu/d/5057/

FDR’s First Inaugural Address: Word Cloud
Greenewable, Wordle, October 3, 2008
http://wordle.net/gallery/wrdl/226096/FDR%27s_First_Inaugural_Address%2C_1933

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