Word: underbuilt
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Dates: during 1940-1949
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...whole bill, as finally passed, would put billions of federal dollars into a broad attack on the problem of an underbuilt nation. Its features...
...While the demand for housing has been piling up, the additions to the supply have been meager. During the war, residential building was limited to the needs of war workers. Even before Pearl Harbor the cities of the U.S. were underbuilt. In the last 15 years, as a result of depression and war, the building industry has turned out an annual average of only 330,000 housing units...
...free enterprise system. That system rests on the premise that capital should go where it is most needed, and that this usually is determined by where it is offered the highest rates of return. When one particular business or industry is overbuilt, rates of return drop; where another is underbuilt, rates of return rise. It is the working of this principle that has kept the intricate relationship of one business to another in balance while we grew to be the greatest industrial country in the world. An arbitrary fixed return would draw private capital not into the expansion of armament...
...Nation's Plant is Underbuilt. . . . Even when operating at its highest level of production, our industrial plant was not producing enough goods and services to provide a uniformly high standard of living for 130,000,000 Americans...
...goods and services must be produced than we had in 1929. There is already stored up and waiting to be applied a mass of technological improvements which call for the wholesale construction of new buildings and manufacture of new machines. The fact is that our industrial plant is actually underbuilt for the expansion of productive activity which alone can bring us full employment of our manpower, our technical skill, and our economic resources...