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Monday, January 29, 2018

USA: STILL THE RICHEST NATION IN THE WORLD?

JFK ISSUES COMMEMORATIVE MESSAGE FOR ROOSEVELT DAY

Washington, D.C.  (JFK+50) On January 29, 1961, President John F. Kennedy issued a commemorative statement honoring President Franklin D. Roosevelt*.

In the statement, President Kennedy said...

"We celebrate...the triumphs of the past (and) the opportunities of the future.  Franklin Roosevelt assumed the leadership of a stricken and demoralized nation.  Poverty, distress and economic stagnation blanketed the land...but the New Deal** lifted America...and set us on the path to...prosperity."

The President continued...

"Today America is the richest nation in the history of the world.***  Yet the challenges and dangers which confront us are more difficult than those that faced Roosevelt..."


*Franklin Delano Roosevelt was born on January 30, 1882 in Hyde Park, New York.  FDR attended Groton, Harvard and Columbia Law School & served as Governor of NY before his election as POTUS in 1932.  FDR served as the 32nd US President from 1933 to 1945 & led the nation out of the Great Depression and through most of WWII.  

**The New Deal (1933-1937) was FDR's program of public works projects, financial reform & government regulation.  The 3 main goals of the New Deal were relief, recovery & reform.

***According to Fortune Magazine (Sept 2015) the USA is still the richest nation in the world with 41.6% of global wealth.  Following the US is China (10.5%), Japan (8.9%), UK (5.6%), Germany (3.9%), France (3.5%), Canada (3.0%), Italy (2.9%), Australia (2.0%), South Korea (1.6%).


SOURCES

"America Is the Richest, and Most Unequal, Country", by Erik Sherman, September 30, 2015, Fortune Magazine, www.fortune.com/

"President Kennedy's Commemorative Message on Roosevelt Day, January 29, 1961", www.jfklibrary.org/



Franklin D. Roosevelt
Photo by Elias Goldensky (1933)
Library of Congress Image