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Updated: October 4, 2025
Improvements in navigation and the growth of trade, commerce and industry opened the way for the bourgeois revolution with its rapid growth of cities and the parallel increase of wealth, income, and living standards among the newly-enriched businessmen and their associates and dependents. Social changes in feudal Europe had been gradual.
What we do and say here will make all the difference to autoworkers in Detroit, lumberjacks in the Northwest, steelworkers in Steubenville who are in the unemployment lines; to black teenagers in Newark and Chicago; to hard-pressed farmers and small businessmen; and to millions of everyday Americans who harbor the simple wish of a safe and financially secure future for their children.
A great many veterans and workers with new skills and experience will want to start in for themselves. The opportunity must be afforded them to do so. They are the small businessmen of the future. Actually when we talk about small business we are talking about almost all of the Nation's individual businesses.
The large plates of window glass, now so common, were then rapidly coming into use, and gave to the ground floor offices a distinguished and prosperous look. The casual wanderer could see as he passed a polished array of office fixtures, much frosted glass, clerks hard at work, and genteel businessmen in "nobby" suits and clean linen lounging about or sitting in groups.
Let me call your attention to the fact that the national Industrial Recovery Act gave businessmen the opportunity they had sought for years to improve business conditions through what has been called self-government in industry.
Above all, if we are to pay for our commitments abroad, we must expand our exports. Our businessmen must be export conscious and export competitive. Our tax policies must spur modernization of our plants our wage and price gains must be consistent with productivity to hold the line on prices our export credit and promotion campaigns for American industries must continue to expand.
Religious people and steady businessmen knew nothing about such a place except by reputation, and looked upon it, with horror, as a haunt of vice and dissipation.
Madonna, Michael Jackson, Schwarzenegger and Grisham are businessmen at least as much as they are artists. Intellectual property is a relatively new notion. Texts, discoveries, inventions, works of art and music, designs all belonged to the community and could be replicated freely. True, the chosen ones, the conduits, were revered. But they were rarely financially rewarded.
Commonly, as in the case of a protective tariff or a preferential navigation law, the cost to the common man is altogether out of proportion to the gain which accrues to the businessmen for whose benefit he carries the burden.
As the trading city developed, businessmen eventually played a dominant role because they were able to command larger incomes, accumulate more wealth and offer more aggressive leadership.
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