Word: coppers
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Dates: during 1950-1959
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...More than 90% of the free world's nickel, and an important share of the zinc, copper, aluminum and other strategic metals for the West's defense...
Only the auto industry, which did its squawking early and was plagued by unemployment, got a bigger slice. Its steel quota, originally set for 800,000 cars, was boosted to 900,000. But there was a big catch: the industry will get only enough copper and aluminum for 800,000 cars, will have to stretch it or find substitutes. So far, substitutes have not proved too practical. General Motors, which started using coated steel radiators seven months ago, found them rusting so badly that G.M. estimated it would spend $5,000,000 replacing the defective units...
...dispute had an acute and unfavorable impact all over Latin America. When RFC policy began to hurt Bolivia, every other one-crop country in the hemisphere felt vicarious pain. Chile worried about copper, Peru about tuna, Venezuela about oil, Uruguay about wool, Cuba about sugar. It was not hard to fan nationalist resentment against the hard Yankee trader. Last week Bolivians canvassed the possibility of charging the U.S. with "economic aggression" under the agreement signed at Bogot...
...Detroit area. DPAdministrator Fleischmann warned there would be more-and unexpected-cuts soon. Word got out that he plans to cut auto output from 1,000,000 cars in the first quarter of 1952 to 800,000 cars in the second. Furthermore, Fleischmann would give automakers only enough copper for 640,000 cars. If the new slash goes through, said the automen, unemployment in the industry would double. Said G.M.'s "Engine Charlie" Wilson: "It would amount to a political, economic and social crime...
...that mobilizers should let the industry turn out 1,000,000 cars a quarter until fall. By then, he thought, there would be enough defense work so that drastic auto cuts could be made. Now, said Reuther, the auto industry is being unfairly treated in its low allotments of copper, steel and other scarce metals. Said he angrily, and somewhat fatuously: "I know they are still using brass cuspidors on battleships...