Sep 2, 12 •
254 Views •
Businesses, Demand, Supply, and Markets, Economic History, Economic Thinkers, Government, Innovation, Labor, Macroeconomic Measurement, Thinking Economically, Uncategorized •
Elaine Schwartz •
The year was 1940. Seeing that war might be imminent, President Roosevelt approached the president of General Motors. Wartime conversion was the issue. To become an “arsenal of democracy,” how could we produce planes instead of Pontiacs? With
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