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Updated: May 5, 2025
An eminent Italian historian writes vividly and perceptively on Italian Fascism. Schneider, Herbert W. Making the Fascist State, N.Y., 1928. An early, but well considered, account of the rise of Italian fascism. Silone, Ignazio Fontamara, Verona, 1951. The best novel on Italian fascism. Spender, Stephen European Witness, N.Y., 1946. Trevor-Roper, H.R. The Last Days of Hitler, N.Y., 1946.
In this connection the Bank has established a fund of 100 million dollars to finance the export of cotton from the United States. The Export-Import Bank has thus loaned or committed approximately 1,300 million dollars during the current fiscal year and it is expected that demands on its resources will increase in the last 6 months of the fiscal year 1946.
By 1946, the end of hostilities had opened the way for the launching by Shoghi Effendi of a second Seven Year Plan, which benefited from the new receptivity to the message of the Faith produced by the shift of consciousness that was by then already apparent.
Again western civilization is no exception, as the movements for independence and self-determination that followed the 1946 post-war collapse of the European empires clearly showed. Reaction against western civilization went beyond revolt to include the rejection of the obsolete concepts, forms and practices inherent in civilization.
As the year 1947 begins, the state of our national economy presents great opportunities for all. We have virtually full employment. Our national production of goods and services is 50 percent higher than in any year prior to the war emergency. The national income in 1946 was higher than in any peacetime year. Our food production is greater than it has ever been.
However, insofar as admitting displaced persons is concerned, I do not feel that the United States has done its part. Only about 5,000 of them have entered this country since May, 1946. The fact is that the executive agencies are now doing all that is reasonably possible under the limitation of the existing law and established quotas.
Activities based on proposed legislation Total expenditures 67, 229 35, 860 Excess of expenditures 28,620 4,347 The current fiscal year, 1946, is a year of transition. When the year opened, in July 1945, we were still fighting a major war, and Federal expenditures were running at an annual rate of about 100 billion dollars. By June 1946 that rate will be more than cut in half.
We must not, under the stress of emotion, endanger our American freedoms by taking ill-considered action which will lead to results not anticipated or desired. We must remember, in reviewing the record of disputes in 1946, that management shares with labor the responsibility for failure to reach agreements which would have averted strikes.
For these reasons I have had to practice stringent economy in preparing the budget; and I hope that the Congress will cooperate in this program of economy. The fifth major policy has to do with the welfare of our farm population. Production of food reached record heights in 1946. Much of our tremendous grain crop can readily be sold abroad and thus will become no threat to our domestic markets.
Expenditures for construction of roads and other developmental works in the national forests, parks, and other public lands, and for capital outlays for fish and wildlife development will increase from below 9 million dollars in the fiscal year 1946 to 24 million dollars in the fiscal year 1947.
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