Permanent-War-Economy

Defense Production Act Institutionalizes Korean War Industrial Mobilization, Defense Budget Quadruples to $50 Billion

1950-09-08 00:00:00 +0000 UTC | Importance: 9/10

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 +1 more military-industrial-complex defense-spending korean-war industrial-mobilization corporate-subsidy +1 more

NSC-68 Directive Creates Permanent Military-Industrial Establishment - Defense Spending to Triple

1950-04-07 00:00:00 +0000 UTC | Importance: 9/10

President Harry S. Truman received National Security Council directive NSC-68, a 66-page top-secret policy paper that would fundamentally transform American defense policy by calling for “full mobilization of the U.S. economy during peacetime”—an unprecedented measure that created the …

Harry S. Truman Paul Nitze Dean Acheson George Kennan Louis Johnson military-spending defense-policy cold-war permanent-war-economy institutional-capture