Today marks 74th anniversary of FDR's 'Arsenal of Democracy' speech

Today marks the 74th anniversary of President Franklin Roosevelt's "Arsenal of Democracy" speech in which he called for a breathtaking role for the U.S. in the war in Europe -- a war we were not fighting.
The 1940 speech, long cited as a key moment in the FDR presidency, came shortly after the pact that created the Axis and less than a year before Pearl Harbor inserted us into the war.

Over time, the Arsenal of Democracy label became attached to the Detroit area and, more particularly, to Macomb County because of the industrial frenzy here that pumped out weaponry at an astounding pace. 
The Roosevelt speech, one of his fireside chats, can be heard in its entirety here. Below is a key portion of the national radio address:

I want to make it clear that it is the purpose of the nation to build now with all possible speed every machine, every arsenal, every factory that we need to manufacture our defense material. We have the men, the skill, the wealth, and above all, the will. I am confident that if and when production of consumer or luxury goods in certain industries requires the use of machines and raw materials that are essential for defense purposes, then such production must yield, and will gladly yield, to our primary and compelling purpose.

Chrysler's converted tank plant in Warren in April 1941.
 AP/Detroit News archives

So I appeal to the owners of plants, to the managers, to the workers, to our own government employees to put every ounce of effort into producing these munitions swiftly and without stint. With this appeal I give you the pledge that all of us who are officers of your government will devote ourselves to the same whole-hearted extent to the great task that lies ahead.

As planes and ships and guns and shells are produced, your government, with its defense experts, can then determine how best to use them to defend this hemisphere. The decision as to how much shall be sent abroad and how much shall remain at home must be made on the basis of our overall military necessities.

We must be the great arsenal of democracy.

For us this is an emergency as serious as war itself. We must apply ourselves to our task with the same resolution, the same sense of urgency, the same spirit of patriotism and sacrifice as we would show were we at war.

We have furnished the British great material support and we will furnish far more in the future. There will be no "bottlenecks" in our determination to aid Great Britain. No dictator, no combination of dictators, will weaken that determination by threats of how they will construe that determination. The British have received invaluable military support from the heroic Greek Army and from the forces of all the governments in exile. Their strength is growing. It is the strength of men and women who value their freedom more highly than they value their lives.

I believe that the Axis powers are not going to win this war. I base that belief on the latest and best of information.

We have no excuse for defeatism. We have every good reason for hope -- hope for peace, yes, and hope for the defense of our civilization and for the building of a better civilization in the future. I have the profound conviction that the American people are now determined to put forth a mightier effort than they have ever yet made to increase our production of all the implements of defense, to meet the threat to our democratic faith.

As president of the United States, I call for that national effort. I call for it in the name of this nation which we love and honor and which we are privileged and proud to serve. I call upon our people with absolute confidence that our common cause will greatly succeed.