There is no magic formula, no economic panacea, which could simply revive over-night the heavy industries and the trades dependent upon them.
FDR: “There is no magic formula, no economic panacea, which could simply revive over-night the heavy industries and the trades…”
On the record
Source
gutenberg.orgEditor's note · Context
Roosevelt asserts that there is no quick fix for reviving heavy industries after the economic downturn.
Share
More from FDR
Apr 9, 1945
The Secretary of the Interior is authorized and directed to take possession of any and all such mines.
Mar 25, 1945
I recommend that the Congress authorize the acceptance of the Constitution and the participation of the United States in the work of the Food and Agriculture Organization.
Mar 19, 1945
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…
Mar 25, 1945
Trade is fundamental to the prosperity of Nations, as it is of individuals.





