Word: v-e
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Dates: during 1944-1944
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...come. Said he: "Within the past 90 days we have had to increase our estimate of the production ... to fight Japan after Germany is defeated. . . . It will cost us $71 billion a year." This was the first official word to U.S. business that the cutbacks in war production after V-E day have shrunk from the 40% which WPB once promised to a slim 15-20%. (Actually General Somervell had overstated the case by lumping in all the costs of ending the German war, contract terminations...
Temporary Shelter. Until Germany's defeat, Lend-Lease supplies to Britain will be continued at the present rate, about $5 billion a year. But immediately after V-E day, Lend-Lease will be whittled down to about 43% of this sum. The new V-E schedule will supply war materials needed by Britain to continue the fight against Japan. In addition, Lend-Lease goods aimed at easing the hard lot of the war-weary British civilians will then be made available in larger quantities. The two principal items for civilians: 1) more foodstuffs to implement the dreary diet Britons...
Temporary Trade. To a large extent this new schedule of Lend-Lease after V-E day removed a ticklish problem that had worried the British industrialists. Under the terms of Lend-Lease, British manufacturers were barred from using Lend-Lease raw materials in the manufacture of goods for commercial exports. As Lend-Lease tapers off, British industries will be free to purchase the raw materials needed to produce finished goods for their foreign customers. Example: iron & steel will probably be removed from the list of Lend-Lease shipments after Jan. 1, 1945, and put on the list of items British...
...Push was on, bigger in numbers of U.S. soldiers than any in this war, bigger in shells and bombs and obliteration than that of any war. The September optimists, in & out of the Army, had been wrong. Only a military miracle could now bring V-E day by Christmas. U.S. civilians hoped for the miracle, did not expect...
Last week Czar Hinckley made things even smoother. He put into operation a single cancellation system for both Army & Navy, and gave officers greater authority to make spot settlements of small contracts. Come V-E day, Hinckley predicted, another $20 billion of the contracts will be canceled. He expects speedy settlement of these-the War Department is now paying off on canceled contracts on an average of 45 days after bills are filed...