STEEL: Throttled Down

As the steel strike entered its sixth week, the Office of Defense Mobilization made a grim announcement: the loss of steel production had "wiped out virtually all the gain so far from the expansion program that has been under way since Korea." The vast, complex U.S. economy was slowly being throttled down, yet scarcely anybody—except the strikers and the steel companies—seemed to care. The Administration was trying to wash its hands of the whole mess. Nevertheless, the hard facts of trouble were piling up:

¶Eleven million tons of steel production have been lost so far.

¶For each week the strike...

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