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Billions for Defense, Billions for Defense, 0817351779, 0-8173-5177-9, 978-0-8173-5177-9, 9780817351779,

Billions for Defense
Government Finance by the Defense Plant Corporation During World War II

Quality Paper
2005. 208 pp.
No illus.
Price:  $29.95 s

Gerald T. White, noted historian of U.S. business and economic history, died on December 15, 1989 in Laguna Hills, CA at the age of seventy-seven.

After leaving his boyhood home in Seattle, White graduated from DePauw University in 1934. He earned his Ph.D. in history from the University of California, Berkeley in 1938 and, after serving in the Army during World War II, began teaching at San Francisco State College. He went on to become chair of the history departments at San Francisco State College and the University of California, Irvine.

arly in his career White developed a love of writing that resulted in the completion and publication of six books, including A History of the Standard Oil Company of California and its Predecessors, Billions for Defense: Government Financing by the Defense Plant Corporation during World War II, and Baptism in Oil. White also served as an editor for The Historian, Pacific Historical Review, and Business History Review.

He was active in numerous professional organizations and served as president of the Pacific Coast Branch American Historical Association in 1968–69.

"This compact monograph [is] a timely book on an important public policy issue. When markets are deemed incapable of producing certain outcomes desired by society, how may governments induce them? White has given us the story of a successful government effort to induce an outcome outside the market system--the Defense Plant Corporation (DFC) of World War II, which added a crucial 30 percent to America's defense production capacity in the emergency of 1941-1945. The story is absorbing."--American Historical Review

"White uses public archival sources to describe and analyze a significant administrative experiment in financial and economic mobilization . . . the leasing mechanism that public officials devised to negotiate their way across the industry government divide."--Business History Review

"Skillful [and] thorough. . . . Historians will find White's work, on a hitherto neglected subject, to be informative, scholarly, yet readable." --History: Reviews of New Books

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