Defense Production Act Institutionalizes Korean War Industrial Mobilization, Defense Budget Quadruples to $50 Billion
President Harry S. Truman signs the Defense Production Act in response to the Korean War, enacting sweeping federal authority over industrial mobilization and war production. The legislation enables Truman to establish the Office of Defense Mobilization, institute wage and price controls, strictly …
Harry Truman
Office of Defense Mobilization
Boeing
Lockheed
General Electric
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military-industrial-complex
defense-spending
korean-war
industrial-mobilization
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