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Page 97 text:
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Page 96 text:
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It rs drfflcult to wnte a defimtron of the Amerrcan way But rt IS easy to find good examples Here 15 one Few people realrze how 'EEEE1' s.. 1 EE! 25:55 ' rap1dl Amerrcas econom IS growlng Anyone who spreads fears that we may be facrng another major depressron rgnores completely how much Amer1ca has chanfved s1nce the I93O s lndustrral research and developm nt have broad ened the base of our entrre economy and even more rmportant, have lard the groundwork for a steadrly lncreaslng expanslon rn the years to come Here are lust two examples of what has happened The first electrrc refrlgerator wrth a sealed IH mech amsm was rntroduced hy General Electrrc rn 1926, and IES productron rn that year requrred only a few hun dred people Today, refrrgerators and free7ers make up a b1ll1on dollar busrness wh1ch employs more than 100 000 men and women rn manufacturnw plus 1dd1 nonal thousands rn retarlrng and Ll19fI'llDLll1OI1 'Ihe freezer ltself has made posslble another whole new mdustry, frozen foods In 1939, most of us knew electronrcs only as tubes 1n our radro, and the entrre lndustry sold 230 mxlhon dollars, worth of equrpment Electronrcs IS now a 42 b1ll1on dollar bus1ness,and some experts predlct 1tw1ll grow to 20 b1ll10ns 1n the 19603 General Electr1c, just one producer, now has electromc equ1pment factorres 1n I3 drflerent parts of the country and has stepped up 1ts payroll rn thrs field to 27,000 111 just I5 years. Tlns trend of expansron IS not slowrng down Its rapully acceleratrng Many CXCIUHQ nc w rndustrres are predrctable as wc learn hovv to m lke full use of atomlc energy Another lmportant new field wrll he electronrc machrnery that wrll make vsork easrer productlon swrfter Our sc1en trsts lre experrmennng wrth metal crystals 50 nmes stronger than any metals we now know New home apphances are on the way More uses for the gas turbrne are comrng out of yet engrne experrments These are only a few of the thrngs General Electrrc 1S rnterested ln, and other companres, of course, arc hard at work on equally promrsrng projects Our helref rn a long term perrod of 1ndustr1al Growth IS not wrshful speculanon lt s berng backed lhy the greatest hurldrng program Amerrca has ever seen Last year the nat10n s 1ndustr1es spent 28 b1ll10n 400 m1ll10n dollars for new plant and equrpment, th1s year, they w1ll spend only slrghtly less Our own rnvestment srnce 1946 has already reached more than a brlhon dollars In 1954, a record 175 mrlhon dollars wrll he rnvested rn new plant facrlrnes by G E , 242, more than last year Thrs IS the krnd of confidence we have rn the c0untry's future. Progress Ls Our Mosf fmporfanf Hoducf GENERAL ELECTRIC . A ZW li ' 7 ia: ' ll r .-gg. ' t e-+7 V Qgiiaiegsg . ' - ' 55S5EiE:-. ' - 'EE'???3:E I' V - ' ' ' l saga-Ea:r::s ,1 . I ll ' :-:-:-:S-: -. .G+ 4 I 1 mer,-'.-:rf-1 T 'll 555:-.fsf O O , Q l . . . . . , . . ,i 1 . . 1 ,. 1 1 V , , ' . e t . 7 E t . . . V. V .x . . . - . t . 1 , . . . . 2 ' ' - V . . . . X T L n A H - - H 1- - . B . . . . . . - , L 1 1 , K 1 l A E -E l X . . . . 1 l , X ' D, . 1 - L - 5 1 ' ' - 3 ' U . . . . . ' . y . . , . - : . . . , . , x . 3
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Page 98 text:
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