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On March 4, 1933, at the height of the Great Depression, Franklin Delano Roosevelt was inaugurated as the 32nd president of the United States. In his famous inaugural address, * Roosevelt outlined his “New Deal”–an expansion of the federal government as an instrument of employment opportunity and welfare. The speech radiated optimism and competence and united the country behind his radical programs. Thus began the long road out of the Great Depression.
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* "[T]he only thing we have to fear is fear itself."
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* "[T]he only thing we have to fear is fear itself."