Word: rearmaments
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...high-speed steel; and they gave Germany some advantage in arms-making efficiency throughout World War I, when they were unknown to the Allies. In 1926 Krupp began to assist the American development of hard-cemented carbides, and these materials are now playing a major part in the U.S. rearmament program, trimming rough castings into smooth-cheeked gun barrels and shell cases...
With a ringing blast on the Senate floor and the most comprehensive figures yet released by anyone on rearmament progress, he had smoked the President out on defense, spoiled his day at Hyde Park, made him submit figures of his own, drawn from him a stinging reply that somebody had sold the Senator down the river by giving him a set of false statistics...
...reason for last week's order was that defense manufacturers could not get enough steel. The demands of rearmament exceeded all expectations, especially the Army's and Navy's. Last week some 75% of steel production was going to defense-which means that current U.S. arms production, if steel is a criterion, is greater than Germany's ever...
...managers] have developed many leisurely customs which are not geared to the current situation. . . . Before we can eliminate this handicap, management and labor must acquire a keener sense of the urgency of the rearmament effort...
Also asked of FORTUNE'S Forum was an opinion on rearmament progress. Results: 50.2% believed the program was or soon would be in satisfactory stride; 34.7% thought it was "spotty" or seriously behind schedule. Critics listed these chief causes of delay: attempts by labor unions to exploit defense needs (named as a primary or secondary cause by 66.3%); Government methods of placing defense orders, notably red tape and labor restrictions (64.2%); long-standing lack of mutual confidence between Government and business (62.9%); shortages of production equipment like machine tools (56.3%); lack of reasonably adequate military planning...