我们并不怀疑基本民主制度的未来。美国人民并没有失败。他们在最需要的时候表达了他们想要直接而有力行动的意志。他们要求纪律和领导为他们指引方向，他们使我成为实现他们愿望的工具。我接受这份信任。
在此举国上下奉献的时刻，我们谦卑地请求上帝赐福。愿上帝保护我们中的每一个人，愿上帝在未来的日子里能够指引我。
&HooverMister，ChiefJustice，myFriends，
Thisisadayofnatioion，ahatmyfelloeyindutothePresidencyIwilladdressthemwithadadewhichthepresentsituationofourNatiohisispreemiospeakthetruth，thewholetruth，franklyandboldly。Norneedweshrinkfromholyfaditionsinourtrytoday。ThisgreatNationwillehasendured，willreviveandwillprosper。So，firstofall，letmeassertmyfirmbeliefthattheonlythiofearisfearitself—nameless，unreasoning，uerrorwhichparalyzesovertretreatintoadvaneverydarkhourofournationallifealeadershipoffranknessandvigorhasmetwiththatuandingandsupportofthepeoplethemselveswhichisessentialtovicedthatyouwillagaisupporttoleadershipiicaldays。
Insuchaspiritonmypartandonyourswefaondifficulties。They，thankGod，s。Valueshaveshruasticlevels；taxeshaverisen；ourabilitytopayhasfalleofallkindsisfacedbyserioustofihemeansofexgearefrozesoftrade；thewitheredleavesofindustrialenterpriselieoneveryside；farmersfindheirproduce；thesavingsofmahousandsoffamiliesaregone。
&ant，ahostofuizehegrimproblemofexistenequallygreatoilwithlittlereturn。Onlyafoolishoptimistythedarkrealitiesofthemoment。
A，ourdistressarioplagueofloparedwiththeperilswhichourforefathersqueredbecausetheybelievedaafraid，wehavestillmuchtobethankfulfor。illoffersherbountyashavemultipliedit。Plentyisatourdoorstep，butagelaheverysightofthesupply。Primarilythisisbecausetherulersoftheexankind'sgoodshavefailed，throughtheirownstubborheiroweedtheirfailure，andabdicated。Practicesoftheunsoahecourtofpubli，rejectedbytheheartsandmindsofmen。
&heyhavetried，buttheireffortshavebeenthepatternofanoutworntradition。Facedbyfailureofcredittheyhaveproposedonlythelendirippedofthelureofprofitbywhiduceourpeopletofollowtheirfalseleadership，theyhaveresortedtoexhortatioearfullyforrestoredowonlytherulesofageionofself-seekers。Theyhavenovisiohereisnovisionthepeopleperish。
Themoneygershavefledfrhseatsiempleofourcivilization。Wemayhattempletotheahs。Themeasureoftherestoratioheextenttolysocialvaluesmorehaaryprofit。
Happiinthemerepossessioliesinthejoyofat，ihrillofcreativeeffort。Thejoyandmoralstimulatiermustbefotteninthemadchaseofevas。Thesedarkdayswillbeworthalltheycostusiftheyteachusthatourtruedestinyisereduntobuttomioourselvesandtoourfellowmen。
&ioyofmaterialwealthasthestandardofsuccessgoeshandinhandwiththeabahefalsebeliefthatpublicoffidhighpoliticalpositioobevaluedoandardsofprideofpladpersonalprofit；abeaoabankingandinbusinesswhichtooofteoasacredtrustthelikenessofdselfishwrongdoing。Smallwoguishes，foritthrivesonlyoy，onhonor，onthesaessofobligations，onfaithfulproteunselfishperformathemitotlive。
&ioncalls，however，nesihie。ThisNationasksforadaow。
reatestprimarytaskistoputpeopletowork。ThisisnounsolvableproblemifwetakeitwiselyabeaplishedinpartbydirectregbytheGoveriaskaswewouldtreattheemergencyofawar，butatthesametime，throughthisemployment，aplishilystostimulateandreaheuseofournaturalresources。
Handinhandwiththiswemustfraheoverbalanceofpopulationinourindustriald，byengagingonanationalsaredistributiooprovideabetteruseofthelandforthosebestfittedforthelaaskbehelpedbydefioraisethevaluesofagriculturalprodudwiththisthepowertopurchasetheoutputofourcities。Itbehelpedbypreveicallythetragedylhforeallhomesandourfarms。ItbehelpedbyiheFederal，State，andloentsactforthwithotheircostbedrasticallyredubehelpedbytheunifyiivitieswhichtodayareoftenscattered，uneidubehelpedbynationalplanningforandsupervisionofallformsoftransportationandofunidotherutilitieswhichhaveadefinitelypubliccharacter。Therearemanywaysinwhibehelped，butiteverbehelpedmerelybytalkingaboutit。Wemustadactquickly。
Finally，inresstotionofworkwerequiretwaiheevilsoftheoldorder；theremustbeastrictsupervisionofallbankisaheremustbeaospewithotherpeople'smoheremustbeprovisionforasoundcy。
&heliack。Ishallpresentlyurgeuponanewgressinspecialsessioailedmeasuresfortheirfulfillment，andIshallseektheimmediateassistaheseveralStates。
Throughthisprogramofaweaddressourselvestoputtingourownnationalhouseinorderandmakinginebalago。Ouriioions，thoughvastlyimportaoftimeaysedarytotheestablishmentofasoundnationaley。Ifavorasapracticalpolicytheputtingsfirst。Ishallspareorestoreworldtradebyiionaleicreadjustment，buttheemergeneotwaitonthataent。
&houghtthatguidesthesespesofnationarrowlynationalistic。Itistheinsistence，asafirstsideration，upoerdepehevariouselementsinallpartsoftheUes—areoftheoldalyimportaionoftheAmerispiritofthepiohewaytorecovery。Itistheimmediateway。Itisthestroassuraherecoverywillendure。
InthefieldofworldpolicyIwoulddedicatethisNationtothepolicyofthegoodheneighborwhoresolutelyrespectshimselfand，becausehedoesso，respectstherightsofothers—theneighborwhorespectshisobligatiohesanctityofhisagreementsinandwithaworldofneighbors。
IfIreadthetemperofourpeoplecorreowrealizeaswehaveneverrealizedbeforeourinterdependeher；thatweerelytakebutwemustgiveaswell；thatifwearetogoforward，wemustmoveasatrainedandloyalarmywillingtosacrificefoodofaondise，becausewithoutsuchdisressismade，noleadershipbeeseffective。Weare，Iknow，readyandwillingtosubmitourlivesaosuchdise，becauseitmakespossiblealeadershipwhichaimsatalargergood。ThisIproposetingthatthelargerpurposeswillbinduponusallasasacredobligationwithaunityofdutyhithertoevokedonlyintimeofarmedstrife。
Withthispledgetaken，Iassumeuinglytheleadershipofthisgreatarmyofourpeoplededicatedtoadisedattaoioninthisimageandtothisendisfeasibleuhefoverwhichwehaveiedfromouraors。Ourstitutionissosimpleandpracticalthatitispossiblealwaystomeetextraordinaryneedsbyemphasisahoutlossofessentialform。Thatiswhyourstitutionalsystemhasproveditselfthemostsuperblyenduringpolitiismthemodernroduced。Ithasmeteverystressofvastexpansioory，nwars，ofbitterirife，ofworldrelations。Itistobehopedthatthenormalbalaiveaiveauthoritymaybewhollyadequatetomeettheuaskbeforeus。Butitmaybethataeddemandandneedforuionmayporarydeparturefromthatnormalbalanceofpublicprocedure。
&hearduousdaysthatliebeforeusinthewarmceofthenationalunity；withtheclearestessofseekingoldandpreoralvalues；withthesatisfathatthestemperformaybyoldandyoungalike。Weaimattheassuranceofarounationallife。
&distrustthefutureofessentialdemocracy。ThepeopleoftheUeshaveheirheyhaveregisteredamaheywa，vigorousa。Theyhaveaskedfordisddirederleadership。Theyhavemademethepresentiheirwishes。IofthegiftItakeit。
IionofaNation，wehumblyasktheblessingofGod。MayHeprotedeveryoneofus，mayHeguidemeioe。