FDR's First Inaugural Address: Morality Lecture (Sentences 19-32) Summary

Take That to the Bank

  • In the next section, FDR begins to go after the biggest and most high-profile targets of this and any recession: banks.
  • He starts by pinning the stock market crash on the unscrupulous "money changers" (25) and says they've already been found guilty in one important area: the court of public opinion.
  • FDR goes even further and turns on the entire crony capital political system.
  • Roosevelt rails against the materialistic mindset that seeped into American culture during the good years of the Roaring Twenties.
  • Managing to sound both hypocritical (considering his vast fortune) and just like your grandparents, he argues that we need to go back to the good ol' days where a hard day's labor was reward enough. And a loaf of bread was just a nickel.