Abstract

Brass-And-Gold Era: Part II. of the Big Guns
Josephson, Matthew | January 21, 1956 issue

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This articles focuses on the significance of the new huge military establishment in the U.S. It states that the procurement of military weapons has always been largely a hush-hush affair, especially in war. But even in the peacetime period from January 1953 to July 1955, according to Chairman of the House Armed Services Committee, 94 per cent of the $36.4 billion expended upon defense orders to industry was awarded not by open, competitive bid but by secret, negotiated bid. In the fiscal year 1953 its major procurements of material and stockpiles amounted to over 20 per cent of the output of all manufacturing, mining, transport and communications industries combined in the U.S.

See Also:

ARMED Forces; MILITARY weapons; GOVERNMENT purchasing; ARMED Forces -- Appropriations & expenditures; FISCAL year; UNITED States
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