After decades as a global power, Britain finds itself unable to cope with the growing postwar crisis on the European continent. Exhausted by World War II, London wants to hold on to its traditional, imperial role. But the winter of 1946-47 brings an end to Britain's longtime status as a main player in world politics.
In February 1947, Britain informs the United States that London is ending aid to Greece and Turkey. U.S. President Harry Truman then seizes the moment. At a joint session of Congress, Truman successfully persuades lawmakers to authorize $400 million in aid for Turkey and Greece.
During that speech, he also establishes the Truman Doctrine
-- a clear distinction between the capitalist and communist worlds.
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