Dwight D. Eisenhower Quotes
The financial solvency and economic soundness of the United States constitute the first requisite of collective security in the free world. That comes before everything else.
This was a fundamental principle of the Republican party in the middle of the 20th century. However, by the end of that century, Republican doctrine, with the support of the Military-Industrial Complex {641114}, had changed to place defense spending as the highest priority—so much so that the huge deficits created by the massive defense spending weakened the financial solvency that Eisenhower had warned that was more fundamental.
Dwight D. Eisenhower, 1890-1969, 34th President of the United States (Republican, KS), 1953
Sourced by: Eigen's Political and Historical Quotations
This was the origin of the term "military-industrial complex." This speech was written by Malcolm Moos who first penned the term. However, conceptually it was referred to earlier by C. Wright Mills in 1954— {623497}.
The most successful way of poor nations developing rapidly is to trade with rich nations.
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Prince de Benévant. Alexander Hamilton had devised a system of bonds to assume the revolutionary war debt, and, despite the objection of many other politicians like Jefferson, assumed a national debt. But the Untied States was growing and Hamilton’s bonds were so well implemented, that even the sophisticated leaders of Europe were openly admitting that U. S. Bonds were excellent investments and Europeans and other foreigners have been buying American debt ever since.
This was the first time a Cabinet Member had ever addressed Congress. He had just concluded an alliance with Soviet Russia for fighting Hitler and Japan in the Second World War. Some were uneasy about an alliance with the Communist state. However, the Congress approved overwhelmingly.
- Born: October 14, 1890
- Died: March 28, 1969
- Nationality: American
- Profession: President
Dwight David "Ike" Eisenhower GCB OM GCS CCLH KC NPk was an American military officer and statesman who served as the 34th president of the United States from 1953 to 1961. During World War II, he became a five-star general in the Army and served as Supreme Commander of the Allied Expeditionary Force in Europe. He was responsible for planning and supervising the invasion of North Africa in Operation Torch in 1942–43 and the successful invasion of Normandy in 1944–45 from the Western Front.
