Wendell Willkie in the context of "1940 Republican National Convention"

The third presidential term of Franklin D. Roosevelt began on January 20, 1941, when he was once again inaugurated as the 32nd president of the United States, and the fourth term of his presidency ended with his death on April 12, 1945. Roosevelt won a third term by defeating Republican nominee Wendell Willkie in the 1940 presidential election. He remains the only president to serve for more than two terms. Unlike his first two terms, Roosevelt's third and fourth terms were dominated by foreign policy concerns, as the United States became involved in World War II in December 1941.

Roosevelt won congressional approval of the Lend-Lease program, which was designed to aid the United Kingdom in its war against Nazi Germany, while the U.S. remained officially neutral. After Germany began war against the Soviet Union in June 1941, Roosevelt extended Lend-Lease to the Soviet Union as well. In Asia, Roosevelt provided aid to the Republic of China, which was resisting an invasion by the Empire of Japan. In response to the July 1941 Japanese occupation of French Indochina, Roosevelt expanded a trade embargo to cut off oil that Japan urgently needed for its fleet. When Roosevelt refused to end the embargo, on December 7, 1941, Japan launched an attack on the U.S. fleet stationed at Pearl Harbor in Hawaii. Isolationist sentiment in the U.S. immediately collapsed and Congress declared war on Japan. After Germany declared war on the U.S., Congress declared war on Germany and Italy. To win the war, the U.S., Britain and the Soviet Union assembled a large coalition of the Allies. The U.S. funded much of the war efforts of the other allies, and supplied munitions, food, and oil. In consultation with his Army and Navy and British Prime Minister Winston Churchill, Roosevelt decided on a Europe first strategy, which focused on defeating Germany before Japan. In practice, however, in 1942 and 1943 the U.S. focused on fighting Japan.

Presidential elections were held in the United States on November 5, 1940. The Democratic ticket of incumbent President Franklin D. Roosevelt and Secretary of Agriculture Henry Wallace defeated the Republican ticket of businessman Wendell Willkie and senator Charles McNary to be reelected for an unprecedented third term in office. Until 1988, this was the last time in which the incumbent's party won three consecutive presidential elections. It was also the fourth presidential election in which both major party candidates were registered in the same home state; the others have been in 1860, 1904, 1920, 1944, and 2016.

The election was contested in the shadow of World War II in Europe, as the United States was finally emerging from the Great Depression. Roosevelt did not want to campaign for a third term initially, but was driven by worsening conditions in Europe. He and his allies sought to defuse challenges from other party leaders such as James Farley and Vice President John Nance Garner. The 1940 Democratic National Convention re-nominated Roosevelt on the first ballot, while Garner was replaced on the ticket by Secretary of Agriculture Henry A. Wallace. Willkie, a dark horse candidate, unexpectedly defeated conservative Senator Robert A. Taft and Manhattan District Attorney Thomas E. Dewey on the sixth presidential ballot of the 1940 Republican National Convention.

Freedom House is a nonprofit organization based in Washington, D.C. It is best known for political advocacy surrounding issues of democracy, political freedom, and human rights. Freedom House was founded in October 1941, with Wendell Willkie and Eleanor Roosevelt serving as its first honorary chairpersons. Most of the organization's funding comes from the U.S. State Department and other government grants. It also receives funds from various semi-public and private foundations, as well as individual contributions.

The organization's annual Freedom in the World report assesses each country's degree of political freedoms and civil liberties. Another key annual report, Freedom on the Net, is Freedom House's annual survey and analysis of internet freedom around the world. While often cited by political scientists, journalists, and policymakers, the organization's democracy indices have received criticism.

The Commonwealth & Southern Corporation was a New York City-based United States electric utility holding company. The company was incorporated in 1929, and it initially contained three other electric utility holding companies: the Commonwealth Power Corporation, Southeastern Power & Light Company, and Penn-Ohio Edison Company. The company was led for a time by Wendell Willkie. Parts of Commonwealth & Southern became the forerunners of modern-day Consumers Energy, Southern Company, and Ohio Edison.

Charles Linza McNary (June 12, 1874 – February 25, 1944) was an American Republican politician from Oregon. He served in the U.S. Senate from 1917 to 1944 and was Senate Minority Leader from 1933 to 1944. In the Senate, McNary helped to pass legislation that led to the construction of Bonneville Dam on the Columbia River, and worked on agricultural and forestry issues. He also supported many of the New Deal programs at the beginning of the Great Depression. Until Mark Hatfield surpassed his mark in 1993, he was Oregon's longest-serving senator.

McNary was the Republican vice presidential candidate in 1940, on the ticket with presidential candidate Wendell Willkie; both died in 1944, during what would have been their first term had they won. They lost to the Democratic ticket, composed of Franklin D. Roosevelt, who was running for his third term as president, and Henry A. Wallace, by just under a ten-point margin.