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For the past ten years conditions have been abnormal. The feverish preparation for war and the more feverish maintenance of the war effort engulfed all aspects of national economies. Machinery has fallen into disrepair or is entirely obsolete. Under the arbitrary and destructive Nazi rule, virtually every possible enterprise was geared into the German war machine. Long-standing commercial ties, private institutions, banks, insurance companies, and shipping companies disappeared through loss of capital, absorption through nationalization, or by simple destruction. In many countries, confidence in the local currency has been severely shaken. The breakdown of the business structure of Europe during the war was complete.
George Marshall
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The truth of the matter is that Europe's requirements for the next three or four years of foreign food and other essential products — principally from America — are so much greater than her present ability to pay that she must have substantial additional help or face economic, social, and political deterioration of a very grave character.
The remedy lies in breaking the vicious circle and restoring the confidence of the European people in the economic future of their own countries and of Europe as a whole. The manufacturer and the farmer throughout wide areas must be able and willing to exchange their product for currencies, the continuing value of which is not open to question.
George Marshall
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These opening remarks may lead you to assume that my suggestions for the advancement of world peace will rest largely on military strength. For the moment the maintenance of peace in the present hazardous world situation does depend in very large measure on military power, together with Allied cohesion. But the maintenance of large armies for an indefinite period is not a practical or a promising basis for policy. We must stand together strongly for these present years, that is, in this present situation; but we must, I repeat, we must find another solution, and that is what I wish to discuss this evening.
George Marshall
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Discussions without end have been devoted to the subject of peace, and the efforts to obtain a general and lasting peace have been frequent through many years of world history. There has been success temporarily, but all have broken down, and with the most tragic consequences since 1914. What I would like to do is point our attention to some directions in which efforts to attain peace seem promising of success.
George Marshall
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A great proponent of much of what I have just been saying is Dr. Albert Schweitzer, the world humanitarian, who today receives the Nobel Peace Award for 1952. I feel it is a vast compliment to be associated with him in these awards this year. His life has been utterly different from mine, and we should all be happy that his example among the poor and benighted of the earth should have been recognized by the Peace Award of the Nobel Committee.
George Marshall
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On World War II:
We could not indulge in a Seven Years War. A king can perhaps do that, but you cannot have such a protracted struggle in a democracy in the face of mounting casualties.
George Marshall
Quote of the day
All the perplexities, confusions, and distresses in America arise, not from defects in their constitution or confederation, not from a want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.
John Adams
George Marshall
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Born:
December 31, 1880
Died:
October 16, 1959
(aged 78)
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