Franklin Delano Roosevelt (; January 30, 1882 - April 12, 1945), often referred to by his initials FDR, was an American statesman and political leader who served as the 32nd President of the United States from 1933 until his death in 1945. A Democrat, he won a record four presidential elections and became a central figure in world events during the mid-20th century. Roosevelt directed the United States federal government during most of the Great Depression, implementing his New Deal domestic agenda in response to the worst economic crisis in U.S. history.

In the months prior to the July 1940 Democratic National Convention, there was much speculation as to whether Roosevelt would run for an unprecedented third term. The two-term tradition, although not yet enshrined in the Constitution, had been established by George Washington when he refused to run for a third term in the 1796 presidential election. Roosevelt refused to give a definitive statement as to his willingness to be a candidate again, and he even indicated to some ambitious Democrats, such as James Farley, that he would not run for a third term and that they could seek the Democratic nomination. However, as Germany swept through Western Europe and menaced Britain in mid-1940, Roosevelt decided that only he had the necessary experience and skills to see the nation safely through the Nazi threat. He was aided by the party's political bosses, who feared that no Democrat except Roosevelt could defeat Wendell Willkie, the popular Republican nominee. At the July 1940 Democratic Convention in Chicago, Roosevelt easily swept aside challenges from Farley and Vice President Garner, who had turned against Roosevelt in his second term because of his liberal economic and social policies. To replace Garner on the ticket, Roosevelt turned to Secretary of Agriculture Henry Wallace of Iowa, a former Republican who strongly supported the New Deal and was popular in farm states. The choice was strenuously opposed by many of the party's conservatives, who felt Wallace was too radical and "eccentric" in his private life to be an effective running mate. But Roosevelt insisted that without Wallace on the ticket he would decline re-nomination, and Wallace won the vice-presidential nomination, defeating Speaker of the House William B. Bankhead and other candidates. A late August poll taken by Gallup found the race to be essentially tied, but Roosevelt's popularity surged in September following the announcement of the Destroyers for Bases Agreement. Willkie supported much of the New Deal as well as rearmament and aid to Britain, but warned that Roosevelt would drag the country into another European war. Responding to Willkie's attacks, Roosevelt promised to keep the country out of the war. Roosevelt won the 1940 election with 55% of the popular vote, 38 of the 48 states, and almost 85% of the electoral vote.Answer this question using a quote from the following article:

What is the significance of this?
However, as Germany swept through Western Europe and menaced Britain in mid-1940, Roosevelt decided that