The time has now come, when Germany must unilaterally withdraw from the Maastricht Treaty and the European Monetary Union and return to the deutschemark as its national currency, in order to be able to realize a well-defined growth policy. The Stability and Growth Law of 1967 must be activated through a state investment program for productive full employment, in order to overcome the total economic disequilibrium, which there has undoubtedly been, in view of an unemployment level that is in reality around 9 million people.

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New: Proposed Rail Development Corridors in the Indiana-Ohio-Pennsylvania Industrial Belt

This Week in History

1940 Acceptance Speech
July 19 - 25, 1940

As War Rages in Europe, Franklin Roosevelt Accepts A Third Nomination for President

It was after midnight on July 19, 1940 when Franklin Roosevelt delivered a radio address to the Democratic National Convention delegates in Chicago, accepting their nomination for a third Presidential term. At the opening of the Convention on July 16, Senator Alben Barkley had read a statement from President Roosevelt which released his delegates to vote for any candidate they chose. But the looming threat to the Americas from the fascist onslaught in Europe required a sober decision by the delegates, and they turned again to the man who had repeatedly warned Americans of the coming danger, and who had done much to ready the country to face it.

Roosevelt opened his address by citing the late hour, but adding that he "felt that you would rather that I speak to you now than wait until tomorrow." He then went on to explain why he was accepting an unprecedented third term: "It is with a very full heart that I speak tonight. I must confess that I do so with mixed feelings— because I find myself, as almost everyone does sooner or later in his lifetime, in a conflict between deep personal desire for retirement on the one hand, and that quiet, invisible thing called 'conscience' on the other...."

"When, in 1936, I was chosen by the voters for a second time as President, it was my firm intention to turn over the responsibilities of Government to other hands at the end of my term. That conviction remained with me. Eight years in the Presidency, following a period of bleak depression, and covering one world crisis after another, would normally entitle any man to the relaxation that comes from honorable retirement.

"During the spring of 1939, world events made it clear to all but the blind or the partisan that a great war in Europe had become not merely a possibility but a probability, and that such a war would of necessity deeply affect the future of this nation.

"When the conflict first broke out last September, it was still my intention to announce clearly and simply, at an early date, that under no conditions would I accept reelection. This fact was well known to my friends, and I think was understood by many citizens.

"It soon became evident, however, that such a public statement on my part would be unwise from the point of view of sheer public duty. As President of the United States, it was my clear duty, with the aid of Congress, to preserve our neutrality, to shape our program of defense, to meet rapid changes, to keep our domestic affairs adjusted to shifting world conditions, and to sustain the policy of the Good Neighbor....

"In times like these—in times of great tension, of great crisis—the compass of the world narrows to a single fact. The fact which dominates our world is the fact of armed aggression, the fact of successful armed aggression, aimed at the form of Government, the kind of society that we in the United States have chosen and established for ourselves. It is a fact which no one longer doubts—which no one is longer able to ignore.

"It is not an ordinary war. It is a revolution imposed by force of arms, which threatens all men everywhere. It is a revolution which proposes not to set men free but to reduce them to slavery—to reduce them to slavery in the interest of a dictatorship which has already shown the nature and the extent of the advantage which it hopes to obtain....

"Like most men of my age, I had made plans for myself, plans for a private life of my own choice and for my own satisfaction, a life of that kind to begin in January, 1941. These plans, like so many other plans, had been made in a world which now seems as distant as another planet. Today all private plans, all private lives, have been in a sense repealed by an overriding public danger. In the face of that public danger all those who can be of service to the Republic have no choice but to offer themselves for service in those capacities for which they may be fitted.

"Those, my friends, are the reasons why I have had to admit to myself, and now to state to you, that my conscience will not let me turn my back upon a call to service.

"The right to make that call rests with the people through the American method of a free election. Only the people themselves can draft a President. If such a draft would be made upon me, I say to you, in the utmost simplicity, I will, with God's help, continue to serve with the best of my ability and with the fullness of my strength....

"I have spoken to you in a very informal and personal way. The exigencies of the day require, however, that I also talk with you about things which transcend any personality and go very deeply to the roots of American civilization.

"Our lives have been based on those fundamental freedoms and liberties which we Americans have cherished for a century and a half. The establishment of them and the preservation of them in each succeeding generation have been accomplished through the processes of free elective Government—the democratic-republican form, based on the representative system and the coordination of the executive, the legislative and the judicial branches.

"The task of safeguarding our institutions seems to me to be twofold. One must be accomplished, if it becomes necessary, by the armed defense forces of the nation. The other, by the united effort of the men and women of the country to make our Federal and State and local Governments responsive to the growing requirements of modern democracy.

"There have been occasions, as we remember, when reactions in the march of democracy have set in, and forward-looking progress has seemed to stop.

"But such periods have been followed by liberal and progressive times which have enabled the nation to catch up with new developments in fulfilling new human needs. Such a time has been the past seven years. Because we had seemed to lag in previous years, we have had to develop, speedily and efficiently, the answers to aspirations which had come from every State and every family in the land.

"We have sometimes called it social legislation; we have sometimes called it legislation to end the abuses of the past; we have sometimes called it legislation for human security; and we have sometimes called it legislation to better the condition of life of the many millions of our fellow citizens, who could not have the essentials of life or hope for an American standard of living....

"But all of these definitions and labels are essentially the expression of one consistent thought. They represent a constantly growing sense of human decency, human decency throughout our nation.

"This sense of human decency is happily confined to no group or class. You find it in the humblest home. You find it among those who toil, and among the shopkeepers and the farmers of the nation. You find it, to a growing degree, even among those who are listed in that top group which has so much control over the industrial and financial structure of the nation. Therefore, this urge of humanity can by no means be labeled a war of class against class. It is rather a war against poverty and suffering and ill-health and insecurity, a war in which all classes are joining in the interest of a sound and enduring democracy....

"But we all know that our progress at home and in the other American nations toward this realization of a better human decency—progress along free lines—is gravely endangered by what is happening on other continents. In Europe, many nations, through dictatorships or invasions, have been compelled to abandon normal democratic processes. They have been compelled to adopt forms of government which some call 'new and efficient.'

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