Business & Finance: Paper v. Steel

The U.S. automobile industry last week refused to make new cars until it got good & ready. The stated reason: much as it wanted to make cars, the industry was far too deeply engaged in war production to consider it now. The real reason: the War Production Board's "Blue Order," under which the industry could order production materials now for delivery later, was only paper. Automen would not get the materials until WPB decided to release them; and no automan can plan production unless he knows what materials he will get, how much,...

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