Vice President Wallace Speaks About His Trip To China

The video discusses an interview highlighting the desire for friendly relations between the US, Soviet Asia, and China, with confidence in President Roosevelt's leadership. It emphasizes the potential for raising living standards and removing war causes. The video warns of the high costs and human toll due to neglecting post-WWI issues.

What is the significance of raising living standards as mentioned in the text?

How did the aftermath of World War One impact the current situation according to the text?