WAR FRONT: Twenty-three Years Afterward

Last week, for the second time in history, U. S. business found itself face to face with the imminent necessity for industrial mobilization. The shape of that mobilization, already forming in the mind of Franklin Roosevelt, had still to be revealed; but many a businessman, mindful of the fact history repeats itself (with variations), seemed to see a hurricane sweep through the calendar, discovered himself staring at a faded page on which the date was August 1916.

In that month Woodrow Wilson approved the Act forming a Council of National Defense (six Cabinet officers). Then for eleven months almost as little...

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