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Updated: June 24, 2025
The first objectives of emergency legislation of 1933 were to relieve destitution, to make it possible for industry to operate in a more rational and orderly fashion, and to put behind industrial recovery the impulse of large expenditures in Government undertakings.
Here are some striking examples taken from a large number: Since 1933 we have actually purchased 5,640 airplanes, including the most modern type of long-range bombers and fast pursuit planes, though, of course, many of these which were delivered four, five, six or seven years ago have worn out through use and been scrapped. We must remember that these planes cost money a lot of it.
Prosperity already tests the persistence of our progressive purpose. Let us ask again: Have we reached the goal of our vision of that fourth day of March 1933? Have we found our happy valley? I see a great nation, upon a great continent, blessed with a great wealth of natural resources.
I went and saw Mr Eleftheriou at the Ministry and he informed me that there was no way that he could issue me with a transmitting licence, but he thanked me all the same for telling him I had built a transmitter." Takis continued: "I would like you to notice these two QSL cards I received in 1933.
You have granted us wide powers; you have encouraged us with a widespread approval of our purposes. Every ounce of strength and every resource at our command we have devoted to the end of justifying your confidence. We are encouraged to believe that a wise and sensible beginning has been made. In the present spirit of mutual confidence and mutual encouragement we go forward. July 24, 1933.
Since the summer of that same year of 1933, the temper and the purposes of the rulers of many of the great populations in Europe and in Asia have not pointed the way either to peace or to good-will among men.
Unemployment and closed factories resulted. Hence the tragic years from 1929 to 1933."
The Bible says of Jesus, "He had compassion on the people and healed all that came unto him." On one ocassion in 1933 I was not feeling very well. I was on my way to California and stopped in Minneapolis where my three boys live. When they saw that I was not well, they were determined to take me to a doctor and have me examined. He ordered me to a hospital where five doctors took six x-rays.
And in many directions, the intervention of that organized control which we call government seems necessary to produce the same result of justice and right conduct which obtained through the attrition of individuals before the new conditions arose." It was in this spirit thus described by Secretary Root that we approached our task of reviving private enterprise in March, 1933.
I repeat, with the same faith and the same determination, my words of March 4, 1933: "We face the arduous days that lie before us in the warm courage of national unity; with a clear consciousness of seeking old and precious moral values; with a clean satisfaction that comes from the stern performance of duty by old and young alike. We aim at the assurance of a rounded and permanent national life.
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