Through the uses of corporations, banks and securities, new machinery of industry, of labor and capital—all undreamed of by the Fathers—the whole structure of modern life was impressed into the service of economic royalists. It was natural and perhaps human that the privileged princes of these new economic dynasties, thirsting for power, reached out for control of government itself. They created a new despotism and wrapped it in the robes of legal sanction. In its service new mercenaries sought to regiment the people, their labor and their property. And as a result the average man once more confronts the problem that faced the Minute Man. For too many of us life was no longer free; liberty no longer real; men could no longer follow the pursuit of happiness. Against economic tyranny such as this, the American citizen could appeal only to the organized power of the Government.
… There is a mysterious cycle in human events. To some generations much is given. Of other generations much is expected. This generation of Americans has a rendezvous with destiny.