Starkiller, that is correct. Presidents could run for as many terms as they wanted. Just nobody wanted to. There weren't too many presidents before FDR that really served more than one term. And many who did, did so reluctantly (Washington) or died in office (Lincoln, et al). The Constitution was amended (I believe this is in the Constitution) to not allow for any more than two terms by one person as President be they consecutive or spread out.