Speech by FDR at Madison Square Garden in 1936:
“For nearly four years you have had an Administration which instead of twirling its thumbs has rolled up its sleeves. We will keep our sleeves rolled up.
We had to struggle with the old enemies of peace—business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.
They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob.
Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me—and I welcome their hatred.
I should like to have it said of my first Administration that in it the forces of selfishness and of lust for power met their match. I should like to have it said of my second Administration that in it these forces met their master.”
Government by organized money is just as dangerous as Government by organized mob.
-Franklin D. Roosevelt, 1936
After four years in the White House, President Franklin Delano Roosevelt recalled his time in the White House in a speech at Madison Square Garden in 1936 by saying that his administration was not taking the position lightly and has been working hard for the American people. FDR went on to name the old enemies of peace that his administration had fought tirelessly against: business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, and war profiteering.
He claimed that these companies started to use the US Government as an extension of their own power through influence in politics and that “Government by organized money is just as dangerous as Government by organized mob”.
Although his New Deal plan was not successful in fixing the Great Depression, FDR’s leadership helped the nation through World War II and gave hope to Americans suffering through economic instability.