“Americans Will Always Do the Right Thing — After Exhausting All the Alternatives.”

This is a modification of a March 1967 quote by Israeli politician Abba Eban who said, "Men and nations behave wisely when they have exhausted all other resources." Eban used various versions of this quote over the years. In 1979 he said, "My experience teaches me this: Men and nations do act wisely when they have exhausted all the other possibilities." http://quoteinvestigator.com/2012/11/11/exhaust-alternatives/
In a 1970 Congressional hearing, a version of the quote first referenced Americans. It was attributed to an unnamed Irishman. "And indeed, we often know how to do things by the philosophy that was expounded by another Irishman I know. He said that you can depend on Americans to do the right thing when they have exhausted every other possibility." http://quoteinvestigator.com/2012/11/11/exhaust-alternatives/
The earliest known attribution of the quote to Churchill occurred in 1980. http://quoteinvestigator.com/2012/11/11/exhaust-alternatives/
Misattributed

Adopted from Wikiquote. Last update June 3, 2021. History

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Winston S. Churchill 601
Prime Minister of the United Kingdom 1874–1965

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