Word: levelling
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Dates: during 1940-1949
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Britain and the U.S. announced last week that German industry in their two zones would be based on a production ceiling of 10.7 million ingot tons of steel a year. This was quite a jump above the 5.8 million ton level set last year for all of Germany...
...real basis of Germany's prewar threat to France was the fact that Germany could make three times as much armament as France could. As long as the French stayed ahead, it was safe to let German industry rise. Europe would never be rebuilt if keeping the absolute level of German industry down was made the first consideration of European planning...
...Russians had their own reasons for not wanting Europe rebuilt. In Berlin, Soviet Marshal Vassily Sokolovsky greeted the new industry-level announcement with cries that the U.S. and Britain were "dismembering Germany . . . rupturing the Potsdam Agreement...
...passed over. The Legion has long had the reputation of being the most conservative--some would say reactionary--of veteran organizations. While it has performed many charitable and civic services, it has never seen accused of putting the interests of the nation before those of the veteran. At every level of government from Washington to the ward, it is a vociferous and effective pressure group...
...first six months of 1947 totaled 31,172,157 tons, more than the industry produced in any other comparable peacetime period, and almost as much as it turned out in all of 1939. Meanwhile, steel scrap prices, having climbed during the past three months to their highest level in 30 years, showed a sign of receding. In the key Pittsburgh area, the price of heavy melting scrap in one large sale dropped $2 a ton, down to $40. The widespread prospects of further drops from recent "fantastic" highs, said the weekly Iron Age, "gives steel producers hope that present steel...