The First Wave

For some U.S. businessmen, a taste of V-E day came unexpectedly last week. It arrived in the form of a wire from the Army Air Forces ordering an overall 15% slash in plane production. Reason: the Army has almost enough Flying Fortress and Liberator bombers to finish off Germany, will go into the stepped-up war against Japan with a new line of both bombers and fighters (see U.S. AT WAR). If the cutback goes through as planned, it will be the first actual downturn in the plane program since the war began.

Many of the plants hit by the sweeping...

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