Conversation so far:
What position was Franklin D.
Roosevelt running for in 1940?
Roosevelt would run for an unprecedented third term.
What was the response to this?
Roosevelt refused to give a definitive statement as to his willingness to be.
What was he unable to say?
as to his willingness to be a candidate again, and he even indicated to some.
What did he indicate?
he even indicated to some ambitious Democrats, such as James Farley, that he would not.
What did he chose not to do?
that he would not run for a third term and that they could seek the Democratic nomination.
However.

Question: What is the significance of this?
Self-contained rewrite: What is the significance of the 1940 Election that Franklin D. Roosevelt ran for?