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...claim of some American to be Man of 1941. Of the actual accomplishments of 1941 the most striking was the very real beginning made in turning the U.S. into the arsenal for all the democracies. Credit for that accomplishment belongs rather to U.S. businessmen than to SPAB or OPM or Lend-Lease Administration. The plants that were built, the planes and tanks which were actually turned out were planned and executed by businessmen...

Author: /time Magazine | Title: The U.S. At War: Man of the Year | 1/5/1942 | See Source »

...defense steel needs for 1942 (including export) at 18,984,000 tons. Seven months later Donald Nelson estimated the same demand as 35,000,000 tons. Meanwhile steel expansion had been authorized to the extent of 10,000,000 tons. Yet when 600 steelmen came to Washington in November, OPM's Arthur Whiteside estimated their 1942 production at only 82,600,000 tons-200,000 tons less than output in 1941. For by then a new shortage had arisen that would more than offset the capacity increase: a shortage in steel's own raw materials, especially scrap...

Author: /time Magazine | Title: Business: Boom, Shortages, Taxes, War | 1/5/1942 | See Source »

...OPM, Stettinius had charge of raw materials and priorities; Biggers of production. They were to be the bridge between Army & Navy procurement and the U.S. industrial machine. In the political atmosphere of most of 1941, it would have taken tougher and more ambitious men than Ed & Jack to give orders to either party. Instead, Army and Navy were asked if they felt the U.S. had enough raw materials for their needs; since their own needs at first were small, they said yes. The businessmen, for their part, were asked to do thus and so for the Government as a favor...

Author: /time Magazine | Title: Business: Boom, Shortages, Taxes, War | 1/5/1942 | See Source »

This startling fact was underscored last week when OPM materials chief William Batt told air-conditioning makers they could get top-rung priorities on all blast-furnace installations. In fact, steel companies will be urged to air-condition, can have RFC money to pay for the jobs. Reason: air-conditioned furnaces produce more iron (TIME, April...

Author: /time Magazine | Title: MANUFACTURING: Air-Conditioned War | 12/29/1941 | See Source »

Woochvard conditioned its furnaces because it figured perfect moisture control in the air blast would maintain uniform operations and uniform iron quality. It did. But OPM's chief aim is speed. Present pig-iron capacity is 56,500,000 tons and a 10% increase (via more furnaces) would take 12 to 18 months, cost about $115,000,000. Put to work now, air conditioners could do the job in five to eight months...

Author: /time Magazine | Title: MANUFACTURING: Air-Conditioned War | 12/29/1941 | See Source »

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