Problems of war contract termination
The war contracts termination bill now awaiting action by the House is the most important legislation affecting American industry to come before Congress at its 1944 session. Because war production at present forms so large a part of the nation's economic activity, the effects of the contract-termination policies finally adopted will be felt far beyond the war plants themselves and long after the war has come to a close.
The need for early action by Congress was stressed in the Baruch-Hancock report on reconversion policies. In the opinion of John M. Hancock, co-author of the report, the problem of contract termination dominates all others that will confront the country with the cessation of hostilities. “I am not thinking of an early ...