The President's News Conference
03/07/1929
https://www.presidency.ucsb.edu...
The armaments of the world have grown up in general mutual relation to each other.
This measure is an important step forward in that it sets an example through its recognition by the Federal Government o...
It is folly for the world to go on breaking its back over military expenditure, and the United States is willing to take...
I propose that the arms of the world should be reduced by nearly one-third.