US Presidency
1932

We have given leadership to the initiative of our people for social advancement through this organization against illiteracy, through the White House conferences on the protection and health of children, through the national conferences on homeownership, through the stimulation of social and recreational agencies. These are the visible evidences of spiritual leadership in the Government. They will be continued, and they will be constantly invigorated. My foreign policies have been devoted to strengthening the foundations of world peace. We inaugurated the London Naval Treaty which reduced arms and limited the ratios between the fleets of the three powers. We have made concrete proposals at Geneva to reduce the armaments of the world by one-third. It would save the taxpayers of the world a billion a year. We could save ourselves 200 millions a year. It would reduce fear and danger of war. We have expanded the arbitration of disputes. I have recommended joining the World Court under proper reservations preserving our freedom of action.