Most businessmen had long thought that the military strategy of beating Germany first was also an aid to reconversion: war orders for the Japanese war would cushion the shock of going back to peacetime. But in recent weeks they have found that the period of grace after V-E day was a hindrance rather than a help to transition. Last week the monthly letter of the National City Bank of New York said:
"In some quarters there is a feeling that in the purely economic sense the country will benefit if the industrial readjustment...
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