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A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. When Franklin D. Roosevelt wanted Americans to join the fight against the axis of Nazi Germany, Fascist Italy and Imperial Japan in 1940, without actually entering the war, he called on Americans to pivot their economy to equip democracies around the world. “We must be the great arsenal of democracy,” Roosevelt said in a famous fireside chat, calling for a complete reordering of the US economy at breakneck pace. “For us this is an emergency as serious as…
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