Franklin D. Roosevelt is known for the phrase "The only thing we have to fear is fear itself," which he delivered during his inaugural address on March 4, 1933. This statement aimed to inspire confidence in Americans during the depths of the Great Depression, a time marked by economic despair and widespread unemployment. Roosevelt's call to action emphasized the importance of overcoming fear and taking bold steps toward recovery. His New Deal policies sought to restore faith in government, stimulate the economy, and provide relief to those suffering, ultimately reshaping American social and economic landscapes.