Word: reconverts
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That was not all. To help manufacturing firms reconvert to peacetime production as quickly as possible, all machinery used in the production of manufactured goods would immediately be taken off the 8% sales-tax list...
Placing its fingers on the unsteady pulse of U.S. reconversion, the National City Bank of New York gave its diagnosis of the cause of the nation's economic bellyache. Said the bank in its October Letter: "The economic situation reveals . . . the unwillingness of people to reconvert their attitudes from those . . . [of] war to [those of] peace. It is already seen that physical reconversion will be no vast or long-drawn problem. But reconversion is more than a physical process. It requires new attitudes, and above all acceptance of the fact that production, prices, and . . . wages must now conform...
...union had timed its stroke with the care of a general planning an invasion. It could hardly have picked a better time for itself, a worse one for G.M. Swamped by $2 billion in contract cancellations immediately after V-J day, G.M. had sweated and strained to reconvert its 102 plants all over the U.S. It had the biggest job of all U.S. industry; some 35% of the entire reconversion job of the nation. By working night & day, G.M. had cleared acres of tools from its plants, nearly completed installation of hundreds of miles of conveyors, set up dozens...
Biggest disappointment of all may be toys. Last week, as toymakers who have been busy on war work hustled to reconvert, they saw little chance of getting into full production of metal and mechanical toys in time for Christmas...
...Slowest to reconvert was Chrysler Corp., which had to wait longest for cancellation of its war contracts. Chrysler hoped to get the first Plymouths off the line...