FDR: “The fact is that in the world as a whole many nations are not only continuing but are enlarging their armament programs.”

This year we give as well in necessity—necessity for our own.

The coming total defeat of our enemies, and of the philosophy of conflict and aggression... gives us a new chance and a better chance than we have ever had to bring about conditions under which the Nations of the world substitute…

Trade is fundamental to the prosperity of Nations, as it is of individuals.

That such study should be conducted by a specially appointed commission charged with the duty of examining into the experience which industry and labor have thus far had with these plans, and of reporting the facts for the benefit of the…