VP Richard M Nixon remarks filmed at 'New Glory for Old Glory' American flag exhibit in NYC

The video discusses a flag exhibit at the Chrysler Building, showcasing the largest collection of American flags, including historical ones like the liberty or death flag and the flag from Fort McHenry. Sponsored by the American Legion, the exhibit aims to bring 'New Glory to Old Glory' by encouraging people to display the American flag on Flag Day. The flag is highlighted as a symbol of hope and liberty worldwide.

What is the purpose of the exhibit sponsored by the American Legion?

What does the text suggest about the American flag's role in the world?