Section VIII: “Monopoly, Or Opportunity?”, p. 185 http://books.google.com/books?id=MW8SAAAAIAAJ&pg=PA185&dq=%22A+great+industrial+nation%22. Note that this remark has been used as the basis for a fake quotation discussed below.
1910s, The New Freedom (1913)
Context: A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom. This is the greatest question of all, and to this statesmen must address themselves with an earnest determination to serve the long future and the true liberties of men.
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world: no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”
Attributed in Shadow Kings (2005) by Mark Hill, p. 91; This and similar remarks are presented on the internet and elsewhere as an expression of regret for creating the Federal Reserve. The quotation appears to be fabricated from out-of-context remarks Wilson made on separate occasions:
I have ruined my country.
Attributed by Curtis Dall in FDR: My Exploited Father-in-Law, regarding Wilson's break with Edward M. House: "Wilson … evidenced similar remorse as he approached his end. Finally he said, 'I am a most unhappy man. Unwittingly I have ruined my country.'"
A great industrial nation is controlled by its system of credit.…
"Monopoly, Or Opportunity?" (1912), criticizing the credit situation before the Federal Reserve was created, in The New Freedom (1913), p. 185
We have come to be one of the worst ruled… Governments….
"Benevolence, Or Justice?" (1912), also in The New Freedom (1913), p. 201
The quotation has been analyzed in Andrew Leonard (2007-12-21), " The Unhappiness of Woodrow Wilson https://www.salon.com/2007/12/21/woodrow_wilson_federal_reserve/" Salon:
I can tell you categorically that this is not a statement of regret for having created the Federal Reserve. Wilson never had any regrets for having done that. It was an accomplishment in which he took great pride.
John M. Cooper, professor of history and author of several books on Wilson, as quoted by Andrew Leonard
Misattributed
Help us to complete the source, original and additional information
Woodrow Wilson 156
American politician, 28th president of the United States (i… 1856–1924Related quotes
Interview with Caroline May of the The Daily Caller, after his announcement to run for U.S. Senate for the first time; in Caroline May, " Partier for Senate http://dailycaller.com/2011/06/06/ted-cruz-cuban-ivy-league-tea-partier-for-senate/", The Daily Caller (June 6, 2011).
2010s
Speech in the House of Commons (11 November 1947), published in 206–07 The Official Report, House of Commons (5th Series), 11 November 1947, vol. 444, cc. http://hansard.millbanksystems.com/commons/1947/nov/11/parliament-bill#column_206
Post-war years (1945–1955)
Television interview http://www.youtube.com/watch?v=vjH9PoDpATI (1987).
1980s
"Mr H. Macmillan M.P.", The Times, 8 July 1936, p. 8.
Letter written on 29 June 1936 resigning the Government whip.
1920s-1950s
Independence Day speech (1828)
Context: Americans no longer argue on the propriety of making all men soldiers, in order that their nation may be an object of terror to the rest of the world. They understand that the happiness of a people is the only rational object of a government, and the only object for which a people, free to choose, can have a government at all. They have, farther, almost excluded war as a profession, and reduced it from a system of robbery to one of simple defence. In so doing, they ought also to have laid aside all show of military parade, and all ideas of military glory. If they have not done so, it is that their reform in this matter is yet imperfect, and their ideas respecting it are confused.
1910s, The Progressives, Past and Present (1910)
Senate remarks on the Trump impeachment trial (2020)
Source: Between Caesar and Jesus (1899), pp. 21-22
1970s, First Presidential address (1974)
Context: My fellow Americans, our long national nightmare is over.
Our Constitution works; our great Republic is a government of laws and not of men. Here the people rule. But there is a higher Power, by whatever name we honor Him, who ordains not only righteousness but love, not only justice but mercy.
As we bind up the internal wounds of Watergate, more painful and more poisonous than those of foreign wars, let us restore the golden rule to our political process, and let brotherly love purge our hearts of suspicion and of hate.