New York: Wilfred Funk, Inc, August 1940. First Edition, Third Printing. Red cloth with blue and white sleeping lion on the cover and white text on blue band on spine. This is the first U.S. edition of the first book of a future President. Derived from his senior thesis at Harvard, it was published after the first British edition. 8vo 5.35" x 8,25" pp. [x] xxx 3-252. Blued top edge and uncut fore edge. Glue spotting to front and rear end paper, small pink spot bled from cover at bottom of fep, light toning along edges. Clean; no inscriptions or notes, or previous owner names, else very nice copy. Uncommon DJ has wear at corners and along top edge. This is a clean copy of a seminal book from one who was destined to become a great politician. Very good / very good. Item #1199
"This does not mean that labor is entirely to blame for Britain's lack of preparation. The Government and business were equally short-sighted. I cite this instance because it contains an important illustration of the problems with which a democracy must be face when dealing with a modern defense program." (p 202).