"The importance of fear as a factor in war-making cannot be overlooked, and can hardly be overestimated. Any politician can play on panic when he wishes to stampede a people into war."

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[Could] motor cars could be produced [in a country like Germany] and sold in competition in the American market . . . .In my opinion it is impossible to reach the conclusion that competition from without can ever be any factor whatsoever?

— Alfred P. Sloan