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Updated: May 28, 2025
With the arrival of the American Expeditionary Force, the diplomatic corps of the various Allied nations which had been compelled to flee north before the Red radicals that had overthrown the Kerensky provisional government, asked for troops in the city of Archangel itself to stabilize the situation.
An outstanding policy of the union has been to equalize competitive costs over the entire area of a market by means of a system of grading tonnage rates paid to the miner, whereby competitive advantages of location, thickness of vein, and the like were absorbed in higher labor costs. This doubtless tended to eliminate cut-throat competition and thus stabilize the industry.
These actions, together with flexible monetary and debt management policies, helped to halt inflation and stabilize the value of the dollar. A program of cooperation and partnership in resource development was begun. Social security and unemployment insurance laws were broadened and strengthened. New laws started the long process of balancing farm production with farm markets.
The success of Harvey's attempt to stabilize and diversify agricultural production is confirmed in the account of Captain Thomas Young of his voyage to Virginia and Delaware Bay in 1634. Sailing up the James River he noticed that "the cuntry aboundeth with very great plentie of milk, cheese, butter and corne, which latter almost every planter in the country hath."
The United States joined members of the United Nations Conference on Trade and Development, both developed and developing nations, in concluding Articles of Agreement in 1980 for a Common Fund to help international commodity agreements stabilize the prices of raw materials. Our relations with the developing nations are of major importance to the United States.
I can not too strongly urge in early completion of this necessary legislation It is needed to stabilize our industry at home; it is essential to make more definite our trade relations abroad. More, it is vital to the preservation of many of our own industries which contribute so notably to the very lifeblood of our Nation.
Is it not conceivable that, before another half century has rolled around, the community may take the same intelligent interest in the conservation of the family, and that definite efforts, which are now almost entirely lacking, may be made to stabilize and protect it? Educational propaganda would, of course, have to be a definite part of the work of such bureaus.
Fourth, revision and extension of the authority to expand production and to stabilize prices, wages, and rents. Fifth, improvement of our agricultural laws to help obtain the kinds of farm products we need for the defense effort. Sixth, improvement of our labor laws to help provide stable labor-management relations and to make sure that we have steady production in this emergency.
The way is now open to a fully-functioning International Coffee Agreement which can help to stabilize this major world commodity market. The results will be positive for both consumers who will be less likely to suffer from sharp increases in coffee prices and producers who can undertake future investment with assurance of greater protection against disruptive price fluctuations in their exports.
Two years ago, with bipartisan support that was almost unanimous on both sides of the aisle, we moved to protect the pensions of 8 million working people and to stabilize the pensions of 32 million more. Congress should not now let companies endanger those workers' pension funds.
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