Word: armament
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...time of the World War the German steel cartel, or Stahlwerksverband, which included the Krupp armament works, was practically coterminous with the entire German steel industry. Fettered at home, competition was directed outward, against the industries of other nations; and throughout Germany the professors were quarreling over the concepts of State Socialism and State Capitalism, and wondering which was which. Meanwhile the Kaiser and court were fearful that the Socialists in the Reichstag (the Social Democratic Party had 112 seats out of 397 in 1912) might forget their "revisionist" doctrines and adopt the naked class war propounded by Karl Marx...
...Moral Re-Armament is magnificent and magnetic. It must be universal and unanimous."-Richards Vidmer, New York Herald Tribune...
Actually "Dick" Vidmer, Herald Tribune sportswriter, had reported how 34 U. S. sportsmen* signed a statement: "Moral Re-Armament is a battle for peace where sportsmen must take the lead. . . . Sportsmen morally rearmed can unite the world." They signed at the urging of handsome Henry Wilfred ("Bunny") Austin, British Davis Cup tennis player, now Dr. Buchmairs chief MRA-sayer. Sportswriter Vidmer thereupon remarked that, before preaching such doctrines. U. S. sportsmen might well clean up U. S. sport. He concluded: "Moral rearmament, as it is described by the disciples who have brought it to these shores, is magnificent and magnetic...
...wise: The second half of 1939 is expected to see Public Works expenditure decline from its 1938 volume of $880,000,000, offsetting by so much increased armament expenditures. If President Roosevelt decides to balance the budget for the 1940 elections the Government may actually put less money into the public economic pot after the rise in National Defense expenditures than before...
...from arms spending of $2,948,000,000 for defense-44% more than our 1939 bill. To achieve a proportional effect on a five-for-one basis, U. S. arms appropriations would have to be $14,740,000,000 a year. If this discourages businessmen about the prospect of armament, it may also encourage them by the assurance that U. S. National Defense expenditures will not pervert the U. S. to a totalitarian, guns-instead-of-butter economy...