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Reel I--p. 14 1939.at New Haven. I'll read more of it than I'd really like, but what is the world situation towards which the United States must take xxx an attitude It would certainly be fortuitous if it were the same today as it was fifty or a hundred or a hundred and fifty years ago. Yet much of our thinking assumes that there has been no change. May I suggest the outline of things present and to come as I see them. The economic and political system of the nineteenth century which throughout the world produced an amazing increase in the production of wealth and population has been for many years in an obvious process of decline. The system is deeply impaired; it probably cannot be reestablished in anything approaching its old form if at all. The desperate struggles of populations to maintain themselves in the numbers and on something approaching the standards committed in the recent past, without vital parts of the mechanism which made it possible, has made possible the breading of disorganization, hatred, war and tyranny which we are seeing as bacteria, present but harmless in a healthy exgaxization organism, may increase to destroy it when it weakens. Not that the old Adam in man recume has no share in the responsibility; I am not saying that morals are a matter of economics, but rather that there is high authority for the belief that if we are not led into temptation we may better be delivered from evil. The nineteenth century world economy was far from perfect. It maintained within it injustices which demanded correction; of nevertheless, it brought about an enormous increase/tri the human population of this earth and at the same time XX a standard of living never before thought possible. In terms of our own country, it made possible its material development and the evolution of a social order recognizing, however imperfectly, both the worth of the individual and the unity the of society, the human spirit and the interdependence of human life. It is beyond my capacity to trace the causes which have brought about the impairment of this world system, but one can see that certain important factors in XKXX its operation are no longer in existence or functioning as they should. We can see that the credits which were once extended by the financial center of London no longer provide the means for the production of wealth in other countries. We can see that the free trade areas which once established a market of vast importance and a commodities exchange no longer