time and necessity secondary to the establishment of a sound national
economy. I favor as a practical policy the putting 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