Freedom From Want
Franklin D. Roosevelt included freedom from want in his Four freedoms speech. Roosevelt stated that freedom from want "translated into world terms, means economic understandings which will secure to every nation a healthy peacetime life for its inhabitants-everywhere in the world". In terms of US policy, Roosevelt's New Deal included economic freedoms such as freedom of trade union organisation, as well as a wide range of policies of government intervention and redistributive taxation aimed at promoting freedom from want. Internationally, Roosevelt favored the policies associated with the Bretton Woods Agreement which fixed exchange rates and established international economic institutions such as the World Bank and International Monetary Fund.
Herbert Hoover saw economic freedom as a fifth freedom, which secures survival of Roosevelt's Four freedoms. He described economic freedom as freedom "for men to choose their own calling, to accumulate property in protection of their children and old age, freedom of enterprise that does not injure others."
Read more about this topic: Economic Freedom
Famous quotes containing the words freedom from and/or freedom:
“Today we seek a moral basis for peace.... It cannot be a lasting peace if the fruit of it is oppression, or starvation, cruelty, or human life dominated by armed camps. It cannot be a sound peace if small nations must live in fear of powerful neighbors. It cannot be a moral peace if freedom from invasion is sold for tribute.”
—Franklin D. Roosevelt (1882–1945)
“The name of freedom regained is sweet to hear.”
—Titus Livius (Livy)