Business & Finance: WHO OWNS THE U.S. WAR PLANT?

In terms of ownership, this is the shape of the war plant that the U.S. has contracted for between June 1940 and February of this year—by which time materials shortages were ending plant expansion. No New Deal grab for power but hard-money business logic dictated the mounting blocks of Government ownership in the nation's new manufacturing capacity—from 41% in petroleum to 99.6% in explosives. In terms of dollars, the U.S. Government has financed some 85% of the entire program. Private capital financed as much expansion as it would have in normal times. The Government naturally shared most in building plants which...

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