LAD #38: Truman Doctrine

In his doctrine, Truman begins by mentioning the numerous threats to the security of the US. He speaks of Greece asking for aid, Britain's declining support, and Turkey's dire economic situation. He believes the combination of the impoverished southern European states and the declining aid from the capitalist power of Britain could lead to communism spreading to even more satellite states. He notes how small and undeveloped Greece is compared to the USSR, and the rampant poverty and war damage that is present in Turkey. To stop this spread of communism, he helps to give financial aid to these nations to hopefully stimulate the economies, lower unemployment, and stop the gaining traction for communism. He feels as though it is his duty to help these "nations of free peoples who are resisting attempted subjugation", and therefore since he and the US had the means to do so that they should help these people in their time of need. With that in mind, he requests a measly $400 million to aid Greece and Turkey, which he compared to the astounding $341 billion that the US spent on WWII. He hopes that this aid will restore economic stability in Greece and Turkey, as well as their faith in the free-market system.

Truman Bailing out Greece and Turkey:
Image result for truman doctrine

Obama Bailing out the Banks in 2008:
Image result for obama banks

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