U.S. At War: On the Hooks

Soon Franklin Roosevelt will be smack in the middle of his Term IV campaign. He will also be smack in the middle of one of the toughest politico-economic dilemmas of his career: he must decide whether to relax the Little Steel formula in order to permit the wage increases demanded by the A.F. L. and C.I.O. If he allows wages to rise, price stabilization might collapse; if he holds the lid down on wages, he may lose important labor support.

As the end of the German war seemed nearer, labor began to put forward more & more demands that the Little Steel...

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