US Presidency
1932

With all our spending, we multiplied by six times the savings in our banks and in our building and loan associations. We multiplied by 1,200 per cent the amount of our life insurance. With the enlargement of our leisure we have come to a fuller life; we gained new visions of hope, we more nearly realize our national aspiration and give increasing scope to the creative power of every individual and expansion of every man's mind. Our people in these thirty years grew in the sense of social responsibility. There is profound progress in the relation of the employer and employed. We have more nearly met with a full hand the most sacred obligation of man, that is, the responsibility of a man to his neighbor. Support to our schools, hospitals, and institutions for the care of the afflicted surpassed in totals of billions the proportionate service in any period of history in any nation in the world. Three years ago there came a break in this progress.