An Analysis of Profit, Loss, and Subsidy in the American Steel Industry: A Letter Exchange from 1946, 1946-01-26

Item — Box: 7, Folder: 6

Identifier: CAC_CC_047_1_7_6_0004

Scope and Contents

The document discusses the issue of profit and loss in the steel industry, comparing the approach of United States Steel Corporation, which operates on a profit and loss basis, with that of Henry J. Kaiser, who has grown his business through government subsidies. The document criticizes Kaiser for accepting wage raises without concern for red ink, while United States Steel Corporation faces financial challenges. It also raises concerns about the influence of union leaders and the potential impact of a planned economy on private ownership and competition in the industry.

Dates

Creation: 1946-01-26

Creator

From the Collection: Schwabe, George Blaine, U.S. House of Representatives from Oklahoma's 1st district (1951-1952); 8th Speaker of the Oklahoma House of Representatives (1921-1923); Member of the Oklahoma House of Representatives from Nowata County (1919-1923), 1886-1952 (Person)

Language of Materials

From the Collection:

English

Access Restriction

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