Last week, as Nazi submarines continued their stepped-up campaign against British shipping (see p. 24), an old hypothesis suddenly became an important fact: drab tankers and lumbering freighters were as vital in World War II as airplanes and tanks. A real squeeze in ships was in the making. Unless Washington could find a way to ease the pressure, not only aid to Britain but also the entire U. S. defense program and economic system were about to feel the pinch.
At the beginning of 1940 Great Britain is believed to have had the...
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