GAINS & LOSSES
AMERICAN WAR TIME ECONOMY. 11NEM PLOYMENT PROBLEM UNSOLVED. Bv Telegraph—Press Association—Copyright. NEW YORK. November 13. Tile United Press of America says the estimated net war gain in 1940 for United States business is 880,000,000 dollars, which is about 1 per cent df the anticipated national income. It adds that 1.000.000.000 dollars of armament business is expected in the next 12 months, but the loss of peace time trade may possibly be 200.000.000 dollars. Aircraft orders at present are worth 30.000 000 dollars, with 70.009.009 expected immediately. The Federal Works Administratbr. Mr John Carmody predicts that war spending will re-employ only 500.000 of 9.090.000 unemployed. ,
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Wairarapa Times-Age, 14 November 1939, Page 5
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106GAINS & LOSSES Wairarapa Times-Age, 14 November 1939, Page 5
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