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The Truman Doctrine is an U.S. foreign policy that pledges American support for democratic nations against authoritarian threats. [1] The doctrine originated with the primary goal of countering the growth of the Soviet bloc during the Cold War .
It provided aid to the Christian Democrats during the 1948 Italian general election. The Truman Doctrine solidified the division between the US and the Soviet Union and led to the formation of the Eastern and Western Blocs. Some liberal Democrats opposed the Truman Doctrine, but Truman argued that American action was necessary for a "sound" peace.
According to Michael Klare, author of Blood and Oil: The Dangers and Consequences of America's Growing Petroleum Dependency (New York: Henry Holt, 2004), application of the Nixon Doctrine "opened the floodgates" of U.S. military aid to allies in the Persian Gulf, and helped set the stage for the Carter Doctrine and for the subsequent direct U.S ...
The bank stock was once Berkshire's second-largest position after Apple (NASDAQ: AAPL), but Buffett is selling it and likely buying this high-yield investment instead. Warren Buffett in a suit and ...
And after a strong run this year, Bank of America stock is closing in on all-time highs hit in early 2022, before interest rates spiked. BAC Chart. BAC data by YCharts. 3. Buffett may have soured ...
That stock is Bank of America, which Buffett's Berkshire Hathaway has been dumping en masse. Even though the conglomerate still holds a large position, it sold about $9 billion worth of BoA shares ...
Harry S. Truman (May 8, 1884 – December 26, 1972) was the 33rd president of the United States, serving from 1945 to 1953. Serving as vice president in 1945, he assumed the presidency upon the death of Franklin D. Roosevelt.
But without Truman’s decision to drop the atomic bombs, World War II would not have ended on the deck of the USS Missouri on Sept. 2, 1945, less than a month after Hiroshima. D.M. Giangreco is a ...