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Updated: June 3, 2025
Survival wars from 1914 to 1945 marked not only the end of Britain's planetary domination but the termination of Europe's planetary regency. The events of the period also loosened the bonds that had held western civilization together. A social structure which includes imperial nuclei and colonial dependencies is constantly threatened by colonial unrest and revolt.
Some European states had become super-states, armed to the teeth, surrounded with their satellites, dependencies and colonies. They expanded, exploited and battled as they played the absorbing and ruinous game of "Beggar My Neighbor". Politically and economically the struggle reached and passed its high point between 1914 and 1945.
Thus, consumers' current savings are declining substantially from the extraordinarily high wartime rate and some wartime savings are beginning to be used for long-delayed purchases. Calendar year 1944 and October-December 1945 Excess Excess Income after taxes $134 ....... ...... $132 ...... ....... Expenditures ......$98............$107 .......
Rivalry in the Pacific and in Asia has been heightened by the meteoric rise of Japan as a world power, the dismemberment of the Japanese Empire after 1945 and the fierce subsequent economic competition between Japan and her planetary competitors, chiefly the United States.
Requests for loans are constantly being received by the Bank from countries desiring to secure goods and services in this country for the reconstruction or development of their economies. On July 31, 1945, the lending authority of the Expert-Import Bank was increased to a total of 3,500 million dollars. I anticipate that during the period covered by this Budget the Bank will reach this limit.
Today can provide only a sure and substantial beginning. Our country has come through a painful period of trial and disillusionment since the victory of 1945. We anticipated a world of peace and cooperation. The calculated pressures of aggressive communism have forced us, instead, to live in a world of turmoil. From this costly experience we have learned one clear lesson.
I hope for cooperation from farmers, from labor, and from business. Every segment of our population and every individual has a right to expect from our Government a fair deal. In 1945, when I came down before the Congress for the first time on April 16, I quoted to you King Solomon's prayer that he wanted wisdom and the ability to govern his people as they should be governed.
Since 1945 they have become increasingly independent and self-determining. The three-fold division of the planet was determined in part by the age-old ideas, principles and practices of civilized peoples during the past six thousand years. In part, it was the outcome of the planet-wide revolution of 1750-1970.
Given the worldwide revolution of the past two centuries, what changes political, economic, sociological and ideological must be made to prepare the way for the new society and shift the family from the old homestead to the new apartment with a minimum of pain and a maximum of satisfaction? Blatant contradictions disorganized human life after war's end in 1945.
We can look to the future of agriculture with greater confidence than in many a year in the past. Agriculture itself is moving confidently ahead, planning for another year of big production, taking definite and positive steps to lead the way toward an economy of abundance. Agricultural production goals for 1946 call for somewhat greater acreage than actually was planted in 1945.
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