1940's Business and the Economy | "Seizure!"

Magazine article

By: Time

Date: May 8, 1944

Source: "Seizure!" Time, May 8, 1944, 11–13.

About the Publication: Time was the most influential, national magazine in the United States during the World War II era, and remains one of America's most widely read news magazines.

Introduction

American industry realized high profits during the wartime economic boom. However, many business leaders considered the federal government heavy handed in allocating raw materials and imposing production quotas. Business leaders were also upset by what they viewed as government supervision of labor relations that highly favored unions. Despite this tension, public confrontation between business and the government rarely occurred.

One exception to this general rule of quiet tolerance, involving a showdown between the federal government and Montgomery...