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Americans celebrate Franklin D Roosevelt as the president who led them out of the Great Depression of the 1930s and through the greatest global conflict in history. He ranks alongside Jefferson, Lincoln and Wilson as an architect of dramatic change in his own society. For all his famous informality of manner, he was perhaps the most regal leader the United States has ever had, revelling in the exercise of executive power. From his first day in the White House, he showed himself undaunted by any challenge. He pursued a vision of social justice, and of restraint upon the unbridled capitalism of America's previous century, which was perceived as revolutionary, although he never addressed the great evil of racial segregation.

Today, as the world faces an economic crisis that some believe is as grave as that of the Thirties, Roosevelt's record in office is scanned and weighed by modern politicians, to discover whether his example has anything to teach them about how to climb back from the pit. The words of his inauguration speech on 4 March 1933 once more echo around the world: "The only thing we have to fear is fear itself – nameless, unreasoning, unjustified terror that paralyses needed efforts to convert retreat into advance."

When he took office, nearly a third of America's workforce was unemployed. Many banks were closed and tottering on the brink of collapse. Business confidence was broken, the nation was rudderless. At his death, the US was the richest and most powerful nation on Earth, the position it has held ever since. Few historians doubt that Roosevelt deserves a large part of the credit for this achievement. Although some of his policies remain shrouded in controversy, he mobilised the American genius in a way few of its leaders have matched, either in peace or war.

Explanation:

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