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Free enterprise

“Different from a great part of the world, we in America persist in our belief in individual enterprise and in the profit motive; but we realize we must continually seek improved practices to insure the continuance of reasonable profits, together with scientific progress, individual initiative, opportunities for the little fellow, fair prices, decent wages and continuing employment.”

These remarks were made by FDR in a fireside chat broadcast to the American public on June 24, 1938.

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