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" "The Congress has provided a fact-finding Commission to find a path through the jungle of contradictory theories about wise business practices — to find the necessary facts for any intelligent legislation on monopoly, on price-fixing and on the relationship between big business and medium-sized business and little business. Different from a great part of the world, we in America persist in our belief in individual enterprise and in the profit motive; but we realize we must continually seek improved practices to insure the continuance of reasonable profits, together with scientific progress, individual initiative, opportunities for the little fellow, fair prices, decent wages and continuing employment.
Franklin Delano Roosevelt (30 January 1882 – 12 April 1945), often referred to by his initials FDR, was an American statesman and political leader who served as the president of the United States, from 1933, to 1945. A Democrat, he won a record four presidential elections and dominated his party for many years as a central figure in world events during the mid-20th century, leading the United States during a time of worldwide economic depression and total war. His program for relief, recovery and reform, known as the New Deal, involved a great expansion of the role of the federal government in the economy.
Biography information from Wikiquote
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"I have an unshaken conviction that democracy can never be undermined if we maintain our library resources and a national intelligence capable of utilizing them."
[Letter to Herbert Putnam; in: Waters, Edward N.: Herbert Putnam: the tallest little man in the world; Quarterly Journal of the Library of Congress 33:2 (April 1976), p. 171]