After debates about what to include and how to present it, with an eventual budget of $2,000,000, the project was ready. It was presented at a gala at the Waldorf-Astoria Hotel in New York City on April 15, 1952. In his speech, Hutchins said “This is more than a set of books, and more than a liberal education. Great Books of the Western World is an act of piety. Here are the sources of our being. Here is our heritage. This is the West. This is its meaning for mankind.” The first two sets would be presented to Queen Elizabeth II of the United Kingdom and U.S. President Harry S. Truman.