THE PRESIDENCY: 40-Hour Steel

Did Franklin Roosevelt still hold the job he held 20 years ago, he would last week have had a problem on his hands. Instead that problem was on the hands of Charles Edison, son of the late great Thomas, but the change made little difference. Mr. Edison as Assistant Secretary of the Navy took his problem to the White House where he and his predecessor pored over it together. The elements of this problem were:

1) The Walsh-Healy Act, which requires all manufacturers who contract to supply the Federal Government with $10,000...

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