Word: made
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Dates: during 1940-1940
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...acting, Du Pont, G. M., Chrysler and others like them had made their peace with the Revolution. They showed the rest of Business a way both to stay in business and to keep out of trouble. In making that deal, Business might or might not believe in the emergency; it did not care to say. It was of no moment, for Business was no longer in power...
...time the Great Lakes opened for ore traffic last March, steelmen had made their forecast of the year's demand by letting the price of ore crack (the cracker: Henry Ford) for the first time in steel history. A month later, they dropped the price of steel by $4 a ton too. Their hope was to stay above their break-even point of 55% of capacity. By November they were not only at 96% of capacity, but confronted by an unfamiliar shortage in their coke and ore supplies. They even found themselves accused of not having capacity enough...
...Dealers boasted that consumption would get the long end of this boom too. But 1940 killed any hope that Defense spending might be a short cut to plenty and graceful living. The imminence of rationing in steel, in aluminum, in tools, in a dozen lesser consumer-goods necessities made 1941 look like an uncomfortable year. In 1940, consumers did benefit; 1940 produced more guns and more butter. But 1941 would have to produce still more guns and-perhaps-less butter...
...Buffalo, Barcalo Manufacturing Co. made and marketed a combination screw driver, screw cap wrench, punch opener, hammer, bottle opener, cutting edge and slot-to-make-a-can-pouring...
Charles Kettering has often said that U. S. industry lived for more than a decade on the fruits of its World War I research. The 1940 Revolution subjected Business still more to the rule of politics, but it spurred such technological advances as have made U. S. Business great...