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Colt hired 4,000 more workers, making a total of 10,000 employees—and its stock's price increased by 400%. By 1918, Colt had produced and sold 425,500 of the famous Browning -designed M1911 . Because the factory could not keep up with demand for this pistol, the US Military decided to accept Colt New Service revolvers in caliber .45 ACP ...
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