Word: steel
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Dates: during 1940-1949
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With the toughest half of the double-header strike in steel and coal out of the way, the U.S. turned optimistically to idle soft-coal fields. John L. Lewis, who had been waiting for steel and the Steelworkers to settle, was expected to have his 380,000 United Mine Workers back in the pits in short order...
Friend of Everyone. He went to work in a General Motors subsidiary's stock room and seven years later became vice president of G.M. in charge of industrial and public relations. U.S. Steel hired him as a front man. By the time he was 37, he was chairman of the board, making $100,000 a year, and was a friend of everyone. At the urging of Franklin Roosevelt's Harry Hopkins, big, expansive Ed went to big, expanding wartime Washington...
...inordinately proud of his Scotch-Irish background and of the fact that his ancestors had fought in every North American war since the Revolution. At one time or another, he had run a chain of banks in Texas, a gas company, a cotton exporting firm, a flour mill, a steel company, a ranch and 38 Mississippi plantations on which he had found...
When the new $44.4 million credit is drawn on, Henry Kaiser's various enterprises, according to his books, will owe the Government $186.6 million. He still owes $88.2 million on his Fontana, Calif, steel plant and $54 million on Permanente Metals, Willow Run and the Ironton (Utah) blast furnace. To date, Kaiser has paid off a total of $70.1 million on Government loans and credits, and he has paid another $41 million to the U.S. in rents and interest. Kaiser said he has also poured $108 million in earnings and private loans into improving and expanding his plants...
...million in the 1948 quarter was the biggest in corporation history. In expectation of an extra dividend, G.M. stock rose to a new 1949 high of 68. But General Motors' President Charles E. Wilson and Chrysler's President K. T. Keller both warned that the steel strike had hurt even if it should end this week...