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United Nations

Monetary and Financial
Conference

BRETTON WOODS, NEW HAMPSHIRE
JULY 1 TO JULY 22, 1944

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DEPARTMENT OF STATE

Publication 2187

CONFERENCE SERIES 55

For sale by the Superintendent of Documents Government Printing Office, Washington 25, D. C.

PRICE 25 CENTS

STATEMENT BY PRESIDENT ROOSEVELT1

JUNE 29, 1944

TO THE MEMBERS OF THE UNITED NATIONS MONETARY AND FINANCIAL CONFERENCE:

I welcome you to this quiet meeting place with confidence and with hope. I am grateful to you for making the long journey here, grateful to your governments for their ready acceptance of my invitation to this meeting. It is fitting that even while the war for liberation is at its peak, the representatives of free men should gather to take counsel with one another respecting the shape of the future which we are to win.

The war has prodded us into the healthy habit of coming together in conference when we have common problems to discuss and solve. We have done this successfully with respect to various military and production phases of the war, and also with respect to measures which must be taken immediately after the war is won-such as relief and rehabilitation, and distribution of the world's food supplies. These have been essentially emergency matters. At Bretton Woods, you who come from many lands are meeting for the first time to talk over proposals for an enduring program of future economic cooperation and peaceful progress.

The program you are to discuss constitutes, of course, only one phase of the arrangements which must be made between nations to insure an orderly, harmonious world. But it is a vital phase, affecting ordinary men and women everywhere. For it concerns the basis upon which they will be able to exchange with one another the natural riches of the earth and the products of their own industry and ingenuity. Commerce is the life blood of a free society. We must see to it that the arteries which carry that blood stream are not clogged again, as they have been in the past, by artificial barriers created through senseless economic rivalries.

Economic diseases are highly communicable. It follows, therefore, that the economic health of every country is a proper matter of concern to all its neighbors, near and distant. Only through a dynamic

1 Read by the Secretary General of the Conference at the Inaugural Plenary Session July 1.

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