Jesse Jones Still at It

Fuller, Belen
June 1942
New Republic;6/15/42, Vol. 106 Issue 24, p825
Focuses on the futility of Jesse Jones, head of Reconstruction Finance Corp. (RFC) to hold up to the war ignoring the issues of economic-warfare front and retarding the tasks of the Board of Economic Warfare (BEW). Establishment of BEW without providing it any authority; Reason behind conflicts between BEW and RFC; BEW given directive power over the existing government programs through which it had to operate and direct various RFC associated corporations; Lack of cooperation from some parts of RFC namely Rubber Reserves Corp. (RRC) and Metals Reserves Corp. (MRC). Blame on Will Clayton, a rich businessman and an old friend of Jones, for failure of RRC and MRC due to his antiquated economic ideas; Lack of understanding of the problems facing adequate rubber-supply; Shortage of numerous metals and failure of MRC to solve the problem; Needs to develop tricks in order to match with the Axis Power on economic warfare front.


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