Long before inauguration day I became convinced that individual effort and local effort and even disjointed federal effort had failed and of necessity would fail and, therefore, that a rounded leadership by the federal government had become a necessity both of theory and of fact.
Roosevelt reflects on the necessity of strong federal leadership to address the economic crisis.
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We shall be equipped to deal with the great overriding question of security, and with the crucial questions of money and exchange...
By virtue of the authority vested in me by the Constitution and the statutes of the United States, it is hereby ordered as follows:
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