WWII Corporate Profits Soar 113% as Cost-Plus Contracts Enable Massive War Profiteering
Corporate profits explode during WWII mobilization, with the largest 200 corporations more than doubling annual profits from $576 million (1936-39) to $1.225 billion (1940-44) - a 113% increase. Cost-plus contracting allows companies to inflate costs with lavish executive salaries while earning …
U.S. corporations
General Motors
Steel industry
War Industries Board
Charles E. Wilson
war-profiteering
corporate-power
defense-industry
executive-compensation
cost-plus-contracts
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