US Presidency
1928

But in addition to this great record of contributions of the Republican Party to progress, there has been a further fundamental contribution, a contribution underlying and sustaining all the others, and that is the resistance of the Republican Party to every attempt to inject the Government into business in competition with its citizens. After the war, when the Republican Party assumed administration of the country, we were faced with the problem of determination of the very nature of our national life. During 150 years we have builded up a form of self government and a social system which is peculiarly our own. It differs essentially from all others in the world. It is the American system. It is just as definite and positive a political and social system as has ever been developed on earth. It is founded upon a particular conception of self government; in which decentralized local responsibility is the very base.