Abstract
No financial system, public or private, commences operations full-blown and as a going concern; each is the product of previous events as well as of conscious reflection and planning. So it was with the United Nations, which is neither the first, nor likely to be the last, organization created by national governments for the purpose of achieving international cooperation in the political, social, economic, or technical fields. For the lessons of the past, the framers of the United Nations system could turn to the international public unions of the nineteenth and twentieth centuries, the League of Nations, the International Labor Organization, and the several regional organizations already in existence.
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