Word: armaments
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...price inflation, with catastrophic results to the peacetime economy (see chart, p. 18). A corollary, with serious implications to the U.S. today, is that to increase actual over-all production is difficult during a war, since all of the production increase tends to go into the terrible luxury of armament, while civilian consumption drops...
...riel. Winston Churchill admitted that it had been impossible for the men to get their heavy equipment off. Apparently the British lost most of the armament of the one armored brigade and whatever heavy artillery was on hand. Previously Prime Minister Churchill had said that the Libyan border had been left to the defense of one armored brigade. This sounded as though there were precious little armored equipment left the British in the Near East...
...question of defense, 40.3% wanted the arms program pushed full speed at any cost, taking precedence over business-as-usual. Another 50.3% wanted vigorous armament, but believed it could and should be attained with a minimum of disruption to normal domestic economy. Thus 90.6% favored a full defense program, disagreed only on how much it should be allowed to interfere with the normal economy...
...year has passed since the President laid down that basic principle to the inner circle of his advisers. Those months have seen the birth and death of the National Defense Advisory Commission, set up in May 1940 with an eye as much to keeping prices down as to getting armament up. They have seen the rise and eclipse of OPM, set up to still public clamor when NDAC did not seem to be delivering fast enough...
...radical departure in tank armament, gave M3 tremendous fire power. Said Colonel Williams: "We weren't trying for top firing speed with the big gun. . . . We might get up as high as 30 a minute." Any such rate of fire would take some doing. Two men load and fire the 75. The loader has to kneel in a tiny steel coop. Between the breech and a bulkhead, he has about three feet in which to work. When the gun recoils, he has something less than two feet. At 30 rounds a minute, the loader must, every two seconds, extract...