New Rich, New Poor

At Chicago's Boat Mart, a slick runabout changed hands for $1,500 last week. The seller: an auto-parts manufacturer, his business shot by priorities, his savings shot by income taxes, his nerves shot by the war. The buyer: a steelworker with plenty of overtime in his pay envelope and a thriving bank account.

In the wartime U.S. the poor were growing richer, the rich poorer. War-factory payrolls had brought back World War I's silk-shirt days, except that most buyers now didn't want silk shirts. High taxes and living costs had put many a rich...

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