Our nation's program of social and economic reform is therefore a part of defense, as basic as armaments themselves.

Against the background of events in Europe, in Africa and in Asia during these recent years, the pattern of what we have accomplished since 1933 appears in even clearer focus.

For the first time we have moved upon deep-seated problems affecting our national strength and have forged national instruments adequate to meet them.

Consider what the seemingly piecemeal struggles of these six years add up to in terms of realistic national preparedness.

We are conserving and developing natural resources--land, water power, forests.

We are trying to provide necessary food, shelter and medical care for the health of our population.

We are putting agriculture--our system of food and fibre supply--on a sounder basis.

We are strengthening the weakest spot in our system of industrial supply-- its long smouldering labor difficulties.

We have cleaned up our credit system so that depositor and investor alike may more readily and willingly make their capital available for peace or war.

We are giving to our youth new opportunities for work and education.