The Chance for Peace speech, also known as the Cross of Iron speech, was an address given by U.S. President Dwight D. Eisenhower on April 16, 1953, shortly after the death of Soviet leader Joseph Stalin. Speaking only three months into his presidency, Eisenhower likened arms spending to stealing from the people, and evoked William Jennings Bryan in describing "humanity hanging from a cross of iron." Although Eisenhower, a former military man, spoke against increased military spending, 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 in his final address.
Background
Eisenhower took office in January 1953, with the Korean War in a stalemate. Three and a half years prior, the Soviet Union had successfully detonated the atomic bomb named RDS-1, and appeared to reach approximate military parity with the United States. Political pressures for a more aggressive stance toward the Soviet Union mounted, and calls for increased military spending did as well. Stalin's demise on March...