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All Nations Work For Common Goal
The annual conference of the Boards of Governors of the International Bank for Reconstruction and Development and the International Monetary Fund, during which I have had the pleasure of serving as an adviser to the United States Delegation, gave a heartening demonstration of separate nations working together to achieve a common goal.
That goal is expansion of the flow of money and goods throughout the free world, in development not only of economic strength but also of the political harmony so necessary for a truly peaceful world. The task of attaining it is not easy, but certainly it is yital to us all.
Nowhere is that more appreciated than in my own State of Virginia, where the foundation for the free enterprise system of the United States of America was laid down some three and a half centuries ago on a base of trans-ocean trade in tobacco and other products.
Virginia’s history provides an inspiring example of how production and trade, without hamstringing government restrictions, transformed a wilderness into a flourishing civilization. And it was no mere coincidence that Virginia also, in 1619, introduced the principle of representative government—government of the people through their elected representatives—upon the shores of the New World.
We in the United States today, in the interests of ourselves and the world, are happy when others make progress along the same lines, and we are glad to help them toward that end. We have given proof of that in many ways, including the active part we have taken in the International Bank and Fund operations since their
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