His speech was about the result of the Second World War: > Until the latest of our world conflicts, the United States had no armaments industry. American maker

His speech was about the result of the Second World War: > Until the latest of our world conflicts, the United States had no armaments industry. American makers of plowshares could, with time and as required, make swords as well. But now we can no longer risk emergency improvisation of national defense; we have been compelled to create a permanent armaments industry of vast proportions. His point wasn’t about specific instances of armaments manufacturers influencing foreign policy, it was simply about the existence of a new and vast industry permanently dedicated to manufacturing armaments.