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...best represented by three giants: Du Pont, Chrysler, General Motors. Once a munitions-maker, Du Pont had diversified its business to the point where powder was less than 2% of its sales. Chrysler and G. M., too, wanted no part of the war as an investment. Each of these could have refused the unwelcome orders. None did. With bottomless resources, they could have expanded mightily into munitions, cleaned up for a few years. They did not do that either. Each mobilized its men and skills, agreed to build and operate munitions plants for a very nominal sum above cost...

Author: /time Magazine | Title: 1940, The First Year of War Economy | 12/30/1940 | See Source »

...thought he had it, sowed 100 acres with his first crop. It came up in time to meet a market deprived of some 4,500,000 lb. of annual imports from Spain and Hungary. Spice houses gobbled up 60 tons of Seed Man Brown's dehydrated paprika powder, grossing...

Author: /time Magazine | Title: Business & Finance: Blockade Benison | 12/16/1940 | See Source »

Across the Ohio River from Louisville, Charlestown, Ind. (pre-defense pop., 850) was bewildered and irritated last week. Du Pont engineers were building for the U. S. Government a vast, sprawling $50,000,000 smokeless-powder plant of 100 buildings (some reportedly underground for air-raid protection) on 6,000 acres of woodland. At first Charlestowners had been as elated as small boys by this windfall. But by last week their town had grown to 5.000. Where there had been three people to a house, there now were twelve. Rents doubled, trailer camps toad-stooled, a carpenter lives...

Author: /time Magazine | Title: BUILDING: Ghost Towns Past & Future | 12/16/1940 | See Source »

...operations, expects to expand the construction crew to over 10,000 within a month, and eventually maintain an operating personnel of a few thousand less. Charlestown realtors looked hungrily for a housing boom. But fortnight ago Indiana Defense Coordinator Henry B. Steeg announced that the Government's powder plant will not be converted to peacetime industry once the defense effort is over; it will be closed. So Government agencies shied from financing a housing project and Charlestowners had the choice of building a potential ghost town or letting nearby Louisville, Jeffersonville, New Albany make off with the swag...

Author: /time Magazine | Title: BUILDING: Ghost Towns Past & Future | 12/16/1940 | See Source »

...Government books (five or six already a-building), the U. S. hoped to prevent the dreaded boom town-ghost town cycle. One solution: a Government plan to build 1,000 $2,500 homes near Radford, Va. (site of a new $35,000,000 plant to be built by Hercules Powder Co.) on land leased from farmers. The homes would house workers as long as needed, then be sold to the farmers to provide better housing for their families...

Author: /time Magazine | Title: BUILDING: Ghost Towns Past & Future | 12/16/1940 | See Source »

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