Word: tools
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Dates: during 1930-1939
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...losses up to 100% a month (the British calculate a maximum of 30%) by 1939 Germany was turning out planes at the rate of 1,000 per month, claiming capacity for between 3,000 and 4,000. And the planes they were, building were such sweet ships as tool through aviators' dreams...
...Cleveland's Warner & Swasey Co. recently polled 251 corporate users of machine tools to see what percent of tools on hand were obsolete. Findings: of 120,864 machine tools in place, only 9.6% were bought between 1936-38, the years of most revolutionary machine tool engineering advance; 67.3% were bought before 1928, are covered with technological cobwebs. Although machine tools make mass production possible, machine tool building is itself a long-drawn-out, artisan-like process, taking up to two years in specialized cases. To make this bottleneck worse, machine-tool builders are mostly small family concerns, with their...
...machine tool industry-which makes the machines with which other industries make goods-is no monster economic unit. In a peak year it may gross $200,000,000, about as much as the automobile industry (cars and trucks) grosses in an average month. But it is a key unit -when other industries stagnate it stagnates, when others expand it is busy. For ten years the machine tool industry has lived mainly on orders from 1) the automobile industry; 2) foreign buyers (British, Japanese, German) who wanted to make goods at home instead of buying from the U. S.; 3) more...
...plans for holding the machine tool industry's annual show (scheduled for Oct. 4-13 at Cleveland) were abandoned. Reason: too much business. Cleveland's Monarch Machine Tool Co. sold seven of 14 machines it had planned to exhibit at the show. The company has orders enough to keep running 20 hours a day for four months. National Acme Co. in Cleveland, sold eight of its machines built for the show, was running 24 hours a day (60% of its backlog is for export). A manufacturer of presses sold 32 of them (at $400 to $3,000 apiece...
...smartest in the world. By one master stroke, Stalin became lord of Europe. Whether through mistake or necessity, Hitler entrusted the destiny of the Reich to the care of the Secretary of the Communist Party, who, with some of the neatest footwork on record, simultaneously avoided becoming a war tool of the British; usurped Hitler's dominance of Central Europe; partly destroyed his Axis (by Muniching the Japanese...