Word: scrap
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Dates: during 1940-1949
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...When in 1941 President Roosevelt "with evident satisfaction" called the U.S. policy of shipping scrap iron and oil to Japan a "success...
...have had business abroad (Herbert Lehman's OFRR, Nelson Rockefeller's OCIAA, Elmer Davis' OWI) have slowly, painfully learned that all foreign business must funnel through the State Department. The hard-to-handle exception was Henry Wallace's Board of Economic Warfare. When BEW was scrapped by Executive Order, Secretary Hull promptly stepped up and claimed the scrap pile...
...Taft and Wilson entertained bigwigs on board. In 1929 President Hoover decided she was too costly; she was decommissioned and unsuccessfully offered for sale six separate times. In 1931 she caught fire and sank at her berth in the Philadelphia Navy Yard. Then the Mayflower was put up for scrap, sold to a Chicago bidder for a dismal $16,105. The Chicago firm resold her to a Wilmington, N. C. company, which in turn resold the hulk to the War Department two years...
...Plates to Wing Ribs. Two years ago Billy began brooding over two wasteful facts about aluminum production: 1) about 20% of his sheet was regularly rejected because of minor blemishes that, when cropped, left the sheet less than standard size; 2) at least 30% of the approved sheet became scrap when parts were cut out of it at an aircraft factory. Then as much as nine months (plus hundreds of scarce freight cars) are needed to get the scrap back to an aluminum mill, remelted, rerolled and ready to be cut up again...
Billy figured that he could mass-produce aircraft parts out of his odd-sized reject sheets by fitting them around the blemishes as a careful dressmaker fits a pattern to precious fabric. He also saw how to eliminate most of the usual waste and delay on scrap aluminum: his parts factory would be right next door to his ingot mill, where the scrap could be remelted and poured right back into more production...