Word: speeded
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Dates: during 1940-1940
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When Franklin Roosevelt last week told reporters that he would speed aid to Britain by eliminating the silly-fool dollar sign from the transaction, he stamped 1940 as a year in which a U. S. Revolution came out in the open. In that symbolic phrase, and in the year of gathering fears and tensions that had led up to it, the whole eight-year course of the New Deal seemed suddenly to be photographed in lightning. Politicians had steadily taken power from businessmen. And now in A.D. 1940, with the world in the grip of war economy, even dollars...
...plant, drove good bargains with the Government in answer to its demands for industrial expansion. When the boom ends, this caution may help Business to face a buyer's market with efficient plant, low overhead-may ease post-war adjustments. But the engine of industry did not speed up because of confidence burning within. It was sped up from without by the energy of wartime economy. Not moneymen but politicos had started it, and supplied the power to keep it going...
...merchant shipping under construction, was launching a vessel a week (last week's: the 17,500-ton Rio Parana, for New York-South America service). The venerable Cramp yards in Philadelphia reopened with a $106,380,000 Navy order; eight Navy, 23 private yards worked at top speed. Last week, for dessert, the British attempted to offset their shipping losses by placing a $100,000,000 order for 60 10,000-ton (dead weight) freighters in the U. S. For this, the largest single merchant-ship order ever placed, Todd Shipyards started building two new yards, one in California...
...aircraft industry was young, had never been weaned from the Government teat. When 1940's orders poured in, it almost choked to death. Its product had revolutionized the world's ideas of speed; it production methods had not caught up with modern standards of speed in production...
...City Council of Burlington, N. J. complained that Pennsylvania Railroad trains were breaking the city speed limit of 5 m.p.h. A police sergeant clocked them as high as 15 or 20 m.p.h...