Abstract and Keywords
Franklin Delano Roosevelt’s four terms as President marked a turning point in American history, establishing the principle of the federal government’s responsibility for public welfare and creating the federal governmental system that continues to the present day. It also established Keynesian economics (named after the British economist John Maynard Keynes), which calls for greater governmental expenditures in times of economic recession to compensate for lower spending by the private sector. FDR would go on to be reelected three times. He led America through most of World War II but died in office in April 1945, just three months before the end of the war. In the selection that follows, FDR lays out the general lines of his vision for America.
Franklin Delano Roosevelt, The Public Papers and Addresses of Franklin D. Roosevelt, Vol. 2 (New York: Random House, 1938), 11–16.
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