T

160

140

120

100

80

60

40

20

INDUSTRIAL OUTPUT

HIGHEST AND LOWEST OUTPUT IN 1940, COMPARED
WITH HIGHEST MONTHLY OUTPUT, 1936-1939 INCLUSIVE

NONFERROUS LUMBER STONE, CLAY & TEXTILES & PRODUCTS

METALS & & PROD.

GLASS PROD.

PRODUCTS

79

87

86

85

84

83

82

81

80

LEATHER &
PRODUCTS

ALCOHOLIC TOBACCO
BEVERAGES PRODUCTS

PAPER & PRODUCTS

89

PETROLEUM & CHEMI- RUBBER FUELS

TEX. PROD. HOSH PETRO- CHEMI-
FINISHED ERY LEUM CALS
COTTON CL.
PRODUCTS

XMONTHLY DATA SEASONALLY ADJUSTED

SOURCE: BASED ON DATA FROM FEDERAL RESERVE BOARD AND DEPARTMENT OF COMMERCE (Face p. 459)

1208

148

153

152

151

150

149

OILS, FATS &

BY-PRODUCTS

сл

сл

PLASTICS ELEC. SHEETS, RODS EQUIP. & TUBES

U.S. GOVERNMENT PRINTING OFFICE: 1941-0-304946

SUMMARY

The new use programs of the Department are centered on developing entirely
new uses for agricultural products. Every expenditure made on a successful new
use results in a continuing annual increase of consumption of the product without
further aid from the Government. While there can be no question of the necessity
and importance of more direct aid to growers of individual crops in particular
years, I feel that to the extent new uses programs are feasible they offer a signifi-
cant long run aid to domestic agriculture.

EXHIBIT No. 2808

(Introduced in connection with statement of Donald E. Montgomery, supra,
p. 441.)

INDUSTRIAL OUTPUT

Highest and Lowest Output in 1940, Compared with Highest Monthly Output,
1936-1939 inclusive

(Introduced in connection with testimony of Donald E. Montgomery, supra,

p. 439.)

Activities:

EXHIBIT No. 2809

STANDARD ACTIVITIES OF FEDERAL AGENCIES

1. Establish standards used by others

2. Establish standards for own use

3. Establish standards as basis for loans

4. Research or operations provide basis for standards

5. Check commodities in commerce for compliance

6. Use standards of others in own activities

7. Maintain grading or inspection service

8. Check supplies or equipment against standards for purchases, loans, etc. 9. Establish test methods

10. Further the use of standards

The following material was submitted in connection with the statement of Carl Taylor, supra, pp. 408-16.

SOME SUGGESTED LINES OF ACTION

(Source: A Special Report by an Interbureau Committee and the Bureau of Agricultural Economics of the United States Department of Agriculture, Technology On The Farm, Chapter 15, Washington, 1940)

From the preceding discussion it is clear that conditions are unfavorable for any easy or automatic adjustment to technological change. Furthermore, there is nothing in technological change itself nor in the way our present economy works that will assure everyone an equal share in its benefits. What, then, can be done