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This study examines the relationship between military spending and the decline of the American machine tool industry. It explores how government defense contracts, research and development funding priorities, and overall economic policies may have contributed to the challenges faced by US manufacturers competing in a global market, particularly within the context of shifting global economic dynamics.

Explore the comprehensive narrative of American manufacturing, tracing its peak 'Made In The USA' era through its significant retreat. This insightful analysis from The MIT Press offers a crucial understanding of the economic shifts and future implications for US industry.