Government Subsidies to Private Industry

Archive Report

Administration Plan for Stimulating Production

Provision of financial aid to private industry, in the form of Reconstruction Finance Corporation loans and a possible government guarantee against loss on increased production, is being considered by the Roosevelt administration among its plans to mobilize industry and create new purchasing power. The President is reported to hold the opinion that granting of assistance to industries agreeing to expand their production would better enable them to take full advantage of the purchasing power resulting from increased employment on public works projects, while at the same time adding to that purchasing power through the increased manufacturing and retail employment thus made possible.

Under the plan, so far as its tentative provisions have become known, allotment and control of production would be ...

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