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Updated: May 17, 2025
Their transition to peacetime pursuits will be determined by our efforts to break the bottlenecks in key items of production, to make surplus property immediately available where it is needed, to maintain an effective national employment service, and many other reconversion policies.
He should be enabled to maintain a reasonable standard of living for himself and his family. The most serious difficulty in the path of reconversion and expansion is the establishment of a fair wage structure. The ability of labor and management to work together, and the wage and price policies which they develop, are social and economic issues of first importance.
To attain some of these objectives and to meet the other needs of the United States in the reconversion and postwar period, I have from time to time made various recommendations to the Congress. In making these recommendations I have indicated the reasons why I deemed them essential for progress at home and abroad.
Within the framework of the wage-price policy there has been definite success, and it is to be expected that this success will continue in a vast majority of the cases arising in the months ahead. However, everyone who realizes the extreme need for a swift and orderly reconversion must feel a deep concern about the number of major strikes now in progress.
The Calvinist minister, his tutor, was a more useful guide for Gibbon in the matter of religion than in his intellectual training. Through his efforts and Gibbon's "private reflections," Christmas Day, 1754, one year and a half after his arrival at Lausanne, was witness to his reconversion, as he then received the sacrament in the Calvinistic Church.
The Budget total for the next fiscal year, the year that ends on June 30, 1947, is estimated at just above 35.8 billion dollars-about a third of the budgets for global war, although nearly four times the prewar budgets. This estimate is based on the assumption that a rapid liquidation of the war program will be associated with rapid reconversion and expansion of peacetime production.
For these reasons I have chosen to combine the customary Message on the State of the Union with the annual Budget Message, and to include in the Budget not only estimates for functions authorized by the Congress, but also for those which I recommend for its action. I am also transmitting herewith the Fifth Quarterly Report of the Director of War Mobilization and Reconversion.
The measure which underlies all else is the ploughing up of permanent grass the reconversion of land which was once arable, the addition to arable of land which has never been arable, so as to secure the only possible basis of success the wheat basis.
With the beginning of reconversion these developments have been reversed. Residential construction and outlays for plant and equipment are on the increase; inventories, too, are being replenished. In the past 3 months private exports have been slightly in excess of imports, for the first time since 1941. Consumers' budgets show a significant change.
He should be enabled to maintain a reasonable standard of living for himself and his family. The most serious difficulty in the path of reconversion and expansion is the establishment of a fair wage structure. The ability of labor and management to work together, and the wage and price policies which they develop, are social and economic issues of first importance.
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