The Chance for Peace speech, also known as the Cross of Iron speech | President Dwight D. Eisenhower - 1953

”Every gun that is made, every warship launched, every rocket fired, signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. The world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children"

Address given by U.S. President Dwight D. Eisenhower on April 16, 1953, speaking only three months into his presidency. The Cold War deepened during his administration and political pressures for increased military spending mounted. By the time he left office in 1961, he felt it necessary to warn of the military-industrial complex.