Speech #720166961

From the very beginning of the depression the President of the United States continuously has fought for the maintenance of the American standard of living. He insisted upon proper tariffs to meet the flood of cheap goods from demoralized Europe. He upheld the rate of wages. He inaugurated a program of Federal construction to stimulate industry and increase employment. He sponsored a building program by State and local governments and private industry. He stopped immigration by Executive order. He conciliated capital and labor. He prevented strikes and acrimony between employer and employee that have been the universal accompaniment of all former panics and depressions.