Changes

===Managerial state===

===Managerial state===

James Burnham, a former [[Trotskyite]], discovered in 1941 that the "workers revolution" which allegedly was to overthrow the capitalist "exploiters", was in real practice  a "managerial revolution" which replaced older 19th century owners of capital with twentieth century technocrats and managers. Burnham found that "workers in this mythical 'workers' state' were, the facts showed, a subject class far more heavily exploited than the workers under capitalism," and that the new managers in a planned economy "have curbed the masses and have instituted a social structure in which they are on top, not by virtue of private property rights in the instruments of production, but through their monopoly control of a state power which has fused with the economy." <ref>James Burnham, ''The Managerial Revolution'', Indiana University Press, Bloomingham 1966.</ref>

During the Second World War, the US economy, due to the demands of the conflict, became very much a command economy. Ford, Chrysler, General Motors, Packard, and Studebaker all ceased the production of civilian automobiles by the end of February, 1942. Instead, they fulfilled government contracts that  required them to build tanks, aircraft, and vehicles for military use. They also turned out engines for aviation and naval use.

Other durable goods were not easily obtainable by civilians during the conflict. Gibson refrigerator for example, still produced refrigerators, but only for the government. Part of their factory was dedicated to the production of gliders for carrying troops in the D-Day invasion of June, 1944.

==Wealth Tax Act of 1935==  

==Wealth Tax Act of 1935==