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...France's fall, the Army & Navy began to dump orders of $41,000,000 a day in industry's lap. The important fact about these orders was that they were for capital goods. For the first time in more than a decade, industry's prime mover-capital-goods expansion-agitated the indexes again. The steel rate soared from 60% of capacity (April) to 92% in September. At 11:30 p.m., on Dec. 9, steelworkers finishing the second shift also finished an era. They cast the years 60,835,000th ton of ingots, and thereby put 1940 ahead...

Author: /time Magazine | Title: 1940, The First Year of War Economy | 12/30/1940 | See Source »

...independent U. S. steel fabricators, Ingalls Iron Works began looking for new markets for its product early in Depression I. Leasing part of a shipyard at Mobile, later building a yard of its own at Decatur, Ala., it began turning out barges, towboats, all manner of river craft. Prime mover of this sideline was big, nervous Robert Ingersoll Ingalls Jr., only son of Ingalls Iron Works' shrewd, crusty, hard-working president, who likes to say that he founded his business in 1910 "with a nigger, a mule and a wooden crane. ..." Pleased with his new sidelines, Father Ingalls...

Author: /time Magazine | Title: SHIPBUILDING: Rivetless Ship | 6/17/1940 | See Source »

Until last week Beth. Ship.'s prime mover was tall, slim, sardonic-looking Samuel Wiley Wakeman, who had been building ships ever since he graduated from Cornell in 1899. Vice president & general manager in name (Beth. Steel Head Eugene Grace is president), he had been Beth. Ship.'s active head in practice...

Author: /time Magazine | Title: SHIPBUILDING: Billion-Dollar Feast | 5/20/1940 | See Source »

...honest insight into immediate realities, Chamberlain does not plumb certain problems: how the U. S. can be sure of security in this hemisphere without some form of imperialist policy towards Latin America, how U. S.industrial production is to be increased except by a vague hope for some new "prime mover" such as the railroads once were...

Author: /time Magazine | Title: Books: Democracy in the U. S. | 4/1/1940 | See Source »

...ministers performs the same function for him in his Peoria plant's lunchroom for minor executives. To meet his preaching schedule he travels in his own eight-passenger Lockheed plane-big enough to carry a soprano known as "The Gospel Nightingale" and the (Negro) Carolina Gospel Quartet. Dirt-mover LeTourneau calls his church the Christian Missionary Alliance, and has preaching engagements for the next 14 months...

Author: /time Magazine | Title: Business: Piety & Profits | 3/25/1940 | See Source »

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