Baruch Report (Cont'd)

March 1944
New Republic;3/6/44, Vol. 110 Issue 10, p304
Focuses on the Baruch plan proposed by Bernard Mannes Baruch, the economic adviser in the U.S., for terminating war contracts, disposing of surplus war materials, getting rid of government-owned war plants and reemploying veterans and war workers during the World War II. Drawbacks associated with appointment of Will Clayton and Frank T. Hines to implement the Baruch plans; Trouble due to the Baruch reports lumped together and made public simultaneously; Necessity that terminated war contracts must be settled quickly; Need for payments to be made at once and supplemented by loans wherever necessary; Provisions suggested to prevent fraud and scandals during the wartime; Preference be given to local purchasers while selling surplus war plants; Conflict with Baruch's view that stresses the desirability of eventually selling off all government-owned factories.


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