ng of first things
first. I shall spare no effort to restore world trade by international
economic readjustment, but the emergency at home cannot wait on that
accomplishment.

The basic thought that guides these specific means of national recovery
is not narrowly nationalistic. It is the insistence, as a first
consideration, upon the interdependence of the various elements in all
parts of the United States--a recognition of the old and permanently
important manifestation of the American spirit of the pioneer. It is the
way to recovery. It is the immediate way. It is the strongest assurance
that the recovery will endure.

In the field of world policy I would dedicate this Nation to the policy
of the good neighbor--the neighbor who resolutely respects himself and,
because he does so, respects the rights of others--the neighbor who
respects his obligations and respects the sanctity of his agreements in
and with a world of neighbors.

If I read the temper of our people correctly, we now realize as we have
never realized before our interdependence on each other; that we can not
merely take but we must give as well; that if we are to go forward, we
must move as a trained and loyal army willing to sacrifice for the good
of a common discipline, because without such discipline no progress is
made, no leadership becomes effective. We are, I know, ready and willing
to submit our lives and property to such discipline, because it makes
possible a leadership which aims at a larger good. This I propose to
offer, pledging that the larger purposes will bind upon us all as a
sacred obligation with a unity of duty hitherto evoked only in time of
armed strife.

With this pledge taken, I assume unhesitatingly the leadership of this
great army of our people dedicated to a disciplined attack upon our
common problems.

Action in this image and to this end is feasible under the form of
government which we have inherited from our ancestors. Our Constitution
is so simple and practical that it is possible always to meet
extraordinary needs by changes in emphasis and arrangement without loss
of essential form. That is why our constitutional system has proved
itself the most superbly enduring political mechanism the modern world
has produced. It has met every stress of vast expansion of territory, of
foreign wars, of bitter internal strife, of world relations.

It is to be hoped that the normal balance of executive and legislative
authority