US Secretary of State John Foster Dulles talks about the amount he will ask Congress to appropriate for foreign aid

Secretary of State Dulles announces a proposal for $4.9 billion in foreign aid, emphasizing that the US seeks no monopoly in economic assistance and welcomes aid that promotes independence. The US has provided substantial aid since WWII without compromising recipient countries' independence. Dulles contrasts this with the Soviet Union, which lacks economic surpluses and has a history of absorbing other countries, leading to poor living standards in Eastern Europe.

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