Peace dividend is a political slogan popularized by US President George H.W. Bush and UK Prime Minister Margaret Thatcher in the early 1990s, purporting to describe the economic benefit of a decrease in defense spending. It is used primarily in discussions relating to the guns versus butter theory. The term was frequently used at the end of the Cold War, when many Western nations significantly cut military spending.
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Famous quotes containing the word peace:
“Come, live with me and be my love,
And we will all the pleasures prove
Of peace and plenty, bed and board,
That chance employment may afford.”
—Cecil Day Lewis (1904–1972)