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Chapter 27

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IV. The Production Front: Business<br />

• FDR see mass production as key US<br />

advantage<br />

• War Production Board (1942) oversee<br />

conversion to wartime economy<br />

• WPB guarantee profits in “cost + fixedfee”<br />

contracts as well as generous tax<br />

deductions<br />

• Corporate profits double, 1939-1943<br />

• Big business grow bigger as ⅔ of all<br />

WPB contracts go to 100 largest<br />

businesses<br />

Copyright © Houghton Mifflin Company. All rights reserved. <strong>27</strong> | 6

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