The Dark Valley

"Postwar demand for goods is likely for a year or more to test the productive capacity of U.S. industry. With 57 million people working 7.5% fewer hours, the out put of goods would fall short by a small margin of meeting the probable demand." So prophesied Harvard's ruddy econo mist Sumner H. Slichter in Chicago last week, before some 200 regional chairmen of the Committee for Economic Development. To support his thesis Slichter fired a series of cold facts:

¶ More than 600 civilian articles made from iron and steel have not...

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