Word: tooling
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Dates: during 1940-1949
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When National Defense talk began in Washington, the first industry to be branded a "bottleneck" was machine tools. In a normal year, most U. S. industrial production-notably the $2-3,000,000,000 a year of automobiles-could not be turned out without $100-150,000,000 worth of machine tools. Key to mass production, the machine-tool industry consists of some 800 small family-owned units wherein mass production plays little or no role. Few machine-tool companies are big enough to have a listed stock...
Warner & Swasey's owners are selling to the public in time of prosperity. Always a feast or famine industry, machine-tool makers are now stuffed with orders due to World War II and defense. The industry's current production is at the rate of $400,000,000 a year, three to four times "normal." Warner & Swasey is at its all-time busiest. Its sales for 1940-3 first half were $8,178,000, more than for the whole of 1929. Profits for the half were $2,137,000, more than for the whole...
...that the U. S. people understand he is their firm and lasting friend. Although round little Dictator Vargas frequently makes fascist noises and although his country is well stocked with Germans and Italians, it distresses him to hear that many U. S. citizens think he would be the tool of Hitler or Mussolini. Truth is that internally the Vargas Estado Novo (New State) is about as autarchic as they come, but in external relationships Brazil wants no territory, needs protection, is hungry for foreign capital. This fits in neatly with U. S. foreign policy, so Senhor Vargas is a friend...
...reality, a period of basic preparation necessary to sound achievement. . . . Few people realize that before actual production can start, months of effort must be expended upon design alone. . . . For instance . . . approximately 2,400 individual drawings are required in the complete design of the light tanks.* . . . The problem of machine tools, which is fundamental to the entire defense program, is another point where . . . it may seem that little or nothing is being done. . . . The kind of work involved does not, of course, attract headlines. Very definite progress is being made. . . . Through the unlimited cooperation of the [machine tool] industry...
Next day, speaking in confidential tones to 60 visiting American educators sitting in a Cultural Relations Seminar, Foreign Editor Cesar Ortiz of the CTM organ El Popular made a fabulous charge. Conservative Candidate Almazan, he told them, is just a tool of exiled Leon Trotsky. Together, he confided to the educators, the two aimed "to wreck Mexico's liberal education system. . . . Trotsky would like to go into the U. S. to destroy your institutions, also . . . exert his influence over all South America. You can count on that...