Word: rearmaments
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...knew it had scrawled its initials on a lot of North Atlantic Treaty rearmament programs, but last week, with a jolt, it discovered what some of the bill was going to look like. In the next year alone, the State Department indicated, France will get some $2 billion in arms and equipment. That figure was twice as much as the U.S. had paid for four of its past wars* put together. But it was only the beginning: eventually France would get about $6 billion...
...still larger battlefield-the world -Ho's victory had a grim meaning. The bulk of France's army was already in Indo-China; more troops would have to be sent there to deal with the new threat. France was a vital link in European rearmament and France could not make its essential contribution to the defense of Europe as long as its army was tied up in Indo-China. A quick victory over Communism in Indo-China was necessary if Europe was to be made defensible...
...crackdown. They had thought that for the time being, at least, there would be comparatively mild controls. But Stu Symington, the man chiefly responsible for gearing the U.S. for war production, thought differently. The only way to keep prices down and to free men and materials for the rearmament program, he said, was to clamp down harder & faster. After talking it over with FRB & housing officials last week, Symington won his point. The new restrictions...
...warned the Soviet Premier that the U.S. was not to be fooled with, that it could carry on a long rearmament program without economic collapse, that U.S. Communists could not undermine its strength, and that U.S. youth-no matter how much they hated war-would not back out of a fight...
...industries now operate only at 60% of capacity). ECA officials were worried about Italy's 1,800,000 unemployed. Above all, they were afraid that Italian industry in its present condition would not be able to do an adequate job of defense production necessary under the Atlantic Pact rearmament program...