Word: creation
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Dates: during 1930-1939
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...into which the Regular Army and National Guard are divided) short of combat strength by 246,000 men, 3,063 machine guns, 348 howitzers, 180 field guns. What the U. S. needs, said he, is not its traditional, skeleton Army, to be expanded after war is declared, but "the creation in peacetime of a well-trained, adequately equipped and well-organized fighting force...
Without warning Assistant Secretaries Louis Arthur Johnson (War) and Charles Edison (Navy) suddenly announced the creation of a civilian advisory committee to work with the joint Army & Navy Munitions Board. Its personnel: Able Edward R. Stettinius Jr., young (38) whitehaired chairman of U. S. Steel Corp.; American Telephone & Telegraph's President Walter S. Gifford; Sears Roebuck's Brigadier General Robert E. Wood, who, as Acting Quartermaster General, directed U. S. Army purchases in 1918; able though little known John Lee Pratt, a retired vice president of General Motors; M. I. T.'s Physicist Karl T. Compton; Brookings...
...Every major economic change produced by war, even the creation of new industries, is a dislocation which upsets the world for a long time afterward. Every neutral which had a war boom in 1914-18 had a post-War depression when its wartime markets were lost. In the case of the last war, after the first depression of 1921, the neutrals settled down to a decade of struggle with the recovering belligerents for the markets of the world...
...treaty navy second to none. The United States must cease leading the disarmament movement by example." He pushed the Vinson Bill authorizing construction of 101 new ships at a cost of half a billion dollars; he upped the Navy's enlisted personnel to 100,000, authorized the creation of aerial landing facilities on Guam, Midway and Wake Islands, threatened to fortify all trans-Pacific naval bases if Japan won parity with the U. S. By the end of 1935 he could say: "I am pleased to report that the Navy is in a very high state of efficiency...
...proposed fire escape: the creation of "brokerage banks" set up to hold all the cash and securities of brokers' customers...