FDR Chat 11: SPEECH OF THE PRESIDENT ON UNEMPLOYMENT CENSUS

Cover of Franklin D. Roosevelt
FDR Chat 11: "Our national purchasing power is the soil from which comes all our prosperity. The steady flow of wages to our millions of workers is essential if the products of our industry and of our farmers are to be consumed.

Our far-sighted industrial leaders now recognize that a very substantial share of corporate earnings must be paid out in wages, or the soil from which these industries grow will soon become impoverished. Our farmers recognize that their largest customers are the workers for wages, and that farm markets cannot be maintained except through widespread purchasing power."

..

.ero

.

Related articles

• Lead Like FDR (blogs.forbes.com)
• Freedom Debt Relief Settles $1 Billion in Consumer Debt (prweb.com)
• Obama gets FDR's history wrong ... again (americablog.com)
• Decades later, park will honor landmark FDR speech (nydailynews.com)