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.
The Chance for Peace by Dwight D. Eisenhower
April 16, 1953
Washington, D.C.
President Bryan, distinguished guests of this Association, and ladies and gentlemen: I am happy to be here. I say this and I mean it very sincerely for a number of reasons. Not the least of these is the number of friends I am honored to count among you. Over the years we have seen, tanked, agreed, and argued with one another on a vast variety of subjects, under circumstances no less varied. We have met at home and in distant lands. We have been together at times when war seemed endless, at times when peace seemed near, at times when peace seemed to have eluded us again. We have met in times of battle, both military and electoral, and all these occasions mean to me memories of enduring friendships.
I am happy to be here for another reason. This occasion calls for my first formal address to the American people since assuming the office of the presidency just twelve weeks ago. It is fitting, I think, that I speak to you the editors of America. You are, in such a vital way, both representatives of and responsible to the people of our country. In great part upon you -- upon your intelligence, your integrity, your devotion to the ideals of freedom and justice themselves -- depend the understanding and the knowledge with which our