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Updated: June 21, 2025
This produced a considerable increase in the rate of climb, a good postwar machine being able to reach 10,000 feet in about 5 minutes and 20,000 feet in under half an hour. The loading per square foot was also considerably increased; this being rendered possible both by improvement in the design of wing sections and by more scientific construction giving increased strength.
And in a few moments, I'm going to talk about three developments arms reduction, the Strategic Defense Initiative, and the global democratic revolution that, when taken together, offer a chance none of us would have dared imagine 7 years ago, a chance to rid the world of the two great nightmares of the postwar era.
The rate at which the United Kingdom will draw on the credit will depend on the rapidity with which it can reconvert its economy and adapt its trade to the postwar world. The anticipated rate of expenditure is likely to be heaviest during the next 2 years.
I know they are as wholehearted in their patriotism as any other group. They have suffered from the constant fluctuations of farm prices occasionally too high, more often too low. Nobody knows better than farmers the disastrous effects of wartime inflationary booms, and postwar deflationary panics. So I have also suggested today that the Congress make our agricultural economy more stable.
Now she knew it was true what Bakkus had once said she had been very angry, but he was right that through the sunny nature of every child of the Midi swept the mistral. She was not very consecutive or coherent or logical. She sought clamorously for every evil influence, postwar, racial, political, that could account for the frozen failure of the evening's performance.
The successful conclusion of the Victory loan marked the end of war borrowing and the beginning of the transition to postwar debt management. Because of the success of the Victory loan, I am happy to report that the Treasury will not need to borrow any new money from the public during the remainder of the present fiscal year except through regular sales of savings bonds and savings notes.
Let us resolve that this era we are about to enter will not be what other postwar periods have so often been: a time of retreat and isolation that leads to stagnation at home and invites new danger abroad.
The old-fashioned haphazard system is being abandoned, economics are being applied to ascertain the best adapted unit of land, diversification is being promoted, and scientific methods are being used in production, and business principles in marketing. Agriculture has not fully recovered from postwar depression. The fact is that economic progress never marches forward in a straight line.
We cannot afford to float along ceaselessly on a postwar boom until it collapses. It is not enough merely to prepare to weather a recession if it comes. Instead, government and business must work together constantly to achieve more and more jobs and more and more production which mean more and more prosperity for all the people.
To aid the middle-income families, I recommend that the Congress enact new legislation authorizing a vigorous program to help cooperatives and other nonprofit groups build housing which these families can afford. Rent control has done a great deal to prevent the housing shortage from having had worse effects during this postwar period of adjustment.
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