We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.

FDR's First Inaugural Address: Morality Lecture (Sentences 19-32) Summary

Take That to the Bank

  • In the next section, FDR begins to go after the biggest and most high-profile targets of this and any recession: banks.
  • He starts by pinning the stock market crash on the unscrupulous "money changers" (25) and says they've already been found guilty in one important area: the court of public opinion.
  • FDR goes even further and turns on the entire crony capital political system.
  • Roosevelt rails against the materialistic mindset that seeped into American culture during the good years of the Roaring Twenties.
  • Managing to sound both hypocritical (considering his vast fortune) and just like your grandparents, he argues that we need to go back to the good ol' days where a hard day's labor was reward enough. And a loaf of bread was just a nickel.