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After the scars of World War I had been harrowed from the battlefields of Europe, Field Marshal Paul von Hindenburg paid his respects to U. S. industry's part in Germany's defeat: "Her brilliant, if pitiless, war industry had entered the service of patriotism and had not failed it." Of the War Industries Board which put U. S. industry to work, the old warrior gravely observed: "They understood war."

On May 28, 1940 Franklin Roosevelt, in effect, revived the War Industries Board under a new name: The National Defense Advisory Commission....

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