Uniformity in the currency, weights, and measures of the United States is an object of great importance, and will, I am persuaded, be duly attended to.
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In the last place, though first in importance I shall ask-is there any thing doing, or that can be done to restore the credit of our currency? The depreciation of it is got to so alarming a point-that a waggon load of money will scarcely purchase a waggon load of provision.
Jobs and factories will come roaring back into our country, and you see it happening already. We will supercharge our domestic industrial base. We will pry open foreign markets and break down foreign trade barriers. And ultimately, more production at home will mean stronger competition and lower prices for consumers. This will be indeed the golden age of America. It's coming back and we're going to come back very strongly.
Then in 1929 it all came to a very abrupt end with the Great Depression. And it would have never happened if they had stayed with the tariff policy.
From 1789 to 1913 we were a tariff-backed nation, and the United States was proportionately the wealthiest it has ever been.
This is one of the most important days, in my opinion, in American history. It's our declaration of economic independence.
Our second task is to do the constructive work of building a genuine peace. We must never become so preoccupied with our desire for military strength that we neglect those areas of economic development, trade, diplomacy, education, ideas and principles where the foundations of real peace must be laid.
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