9. for almost everything. The automobile company that was not allowed to make passenger cars could make tanks and armored vehicles. The textile company that had no cotton for civilian goods could work around the clock making uniforms. When the government cancelled its contract with Utah Construction to build the Davis Dam, Utah could use its funds and its people to build military bases in the Pacific or ships at new shipyards. The worker who lost his job in the gold mine had no trouble getting as good or better a job. By clamping the lid on prices, rationing demand, and financing much of the war on a pay-as-you-go basis, we produced the illusion of controlling inflation during the war but the financially sophisticated knew that we were merely postponing the inflation to the post-war period. When the war was over, we quickly abandoned our efforts to administer the economy through strong central authority and again began to function under our liberal economic system in which we relied heavily upon the free interplay of market forces to determine the direction and pace of our economic activity. Again the results were impressive - in fact awesome. The United States not only grew and prospered to an extent never known before in history, but also shared its bounty with the rest of the world and assisted the other major nations that had been ravaged by war to put their economies back in good working order. This too was a magnanimous gesture without precedent in history. Perhaps it was prompted by the fact that we emerged from the war in a relative sense far stronger than other nations and were forced to assume the mantle of world leadership, a crown that we found uncomfortable and were unaccustomed to wearing. Perhaps in part it was prompted by enlightened self interest and the realistic recognition that like it or not we were now part of a world economy and necessarily dependent upon other nations for part of our raw materials and for