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How big will be the problem of reconversion in 1945? And what policies will the Government adopt toward it?

Last week War Production Board's chairman, Julius Albert Krug, undertook in an official report to answer these questions. "Cap" Krug's picture of the job ahead:

¶ For the last eight months of 1945, munitions production will run at an annual rate of $54 billion—more than 90% of the peak rate of 1944 and almost the rate of 1943.

¶ But as cutbacks increase, there will be many cases of local unemployment and industrial dislocations, in spite of the fact that the U.S. is now...

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