Concentration of wealth and power has been built upon other people's money, other people's business, other people's labor. Under this concentration, independent business … has been a menace to … American society.

The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.

It is one of the characteristics of a free and democratic nation that is have free and independent labor unions.

For nearly four years you have had an Administration which instead of twirling its thumbs has rolled up its sleeves. We will keep our sleeves rolled up. We had to struggle with the old enemies of peace--business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob.

Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.

We continue to recognize the greater ability of some to earn more than others. But we do assert that the ambition of the individual to obtain for him a proper security is an ambition to be preferred to the appetite for great wealth and great power.