The Big Debate

Is the 91 million-ton capacity of the U.S. steel industry enough for an expanding economy? In the debate on this question, steel industry spokesmen, while conceding that there are now shortages in supply, maintain that their capacity is sufficient for the long pull. Assorted critics, ranging from Government economists to ideological warriors, insist that unless 10 to 20 million additional tons of capacity are built, depression may result.

The Charge. Henry J. Kaiser joined the fray. As owner of the $123 million, Government-financed Fontana (Calif.) steel plant and part owner of Portsmouth Steel Corp., he was nominally on the side...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!