The sub., 1945-08-02
An Ordered World

- $10O, 100000. In 1889 the total production of goods and services was slightly more than $100, ,000,- 0,000. In 1944 the total produc- ton of goods and services had more than doubled; our production was more than $200, ,000, 100000.
 In these few years of war we have doubled our productivity and in doing so we have brought about an industrial revolution.
 We are facing a new and chal- lenging world, and we must think in terms that are adequate. Surely our textile manufacturers, our shoe manufacturers, our watchmakers, our farmers-a11 of us-are well off when times are good, regardless of imports, and they are badly off when times are bad, regardless ot imports. It Is far better to have 90 per cent of a large market than 100 per cent of a market half as great.
 When the Senate acts on this bill it will be setting the course of ir1- ternational trade policy, not mere ly for one of the 65 sov- ereign nations, but for half of the worlds economy, because the Unit ed States, with small fraction of the worlds population, has nearly half of the worlds productive ca pacity.
 We, and we alone among the great powers, will emerge from this war with our economic strength vastly increased. We shall emerge the greatest creditor na- ton. We hold the bulk of the worlds store of gold. The Ameri- can dollar, everywhere in the world, is the symbol of strength, stability, and confidence. In these circumstances we cannot escape the tremendous responsibilities which are inherent in our position, either before our own people or before the world. Our economic strength is so overwhelming that we alone can make or break any plan fol the reconstruction of the world economy.
 This is not matter upon which we can act at our leisure, nor vii it be easy to rectify the mistake! that we make today. If we blum der, we shall set forces In motior which we may never be able to re verse.
 Do we know the kind of work economic system we want to ere ate?
 think we do. We want system of expanding trade, open to free enterprise on competitive anC nondiscriminatory basis. We wan to join with other nations in ( constructive program to eliminate those obstacles which stand in the way of increased production, in- creased consumption, and higher standards of living in every part of the world.
 The passage of the pending bill with the authority necessary to ne- gotiate further trade agreements would be a ringing declaration to the world that the United States means to revive international trade on a multilateral, nondiscrimina- tory, enterprise basis. The failure of the bill to pass would signify to the world that the Unit ed States means to do nothing to prevent the return to economic na- tionalism, restrictionism, discrim- ination, and stagnation.
 It is high time, as I see it, for us to decide whether we mean to be the sidewalk superintendents" of world reconstruction.
 We have been very free with our advice. We have been critical of the conduct of others. We have coined any number of brave and inspiring slogans.
 I say in all seriousness to the Senators who have espoused the cause of world organization for se- curity, in this Chamber, and on the public platform and in radio broad casts that they must vote for the bill as passed by the House if they are to give more than lip service to the high ideals they have voiced for the making of finer, more de- cent world. We all know that our decision on this bill will be flashed