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Why didn't the US national debt from World War 2 cause hyperinflation?
America instituted many price and wage controls during World War II to hold down inflation. Rent control got its start during the war and employers starting offering benefits such as health insurance to bypass wage controls. Shortages did occur and life was quite tough for those back home during the war. Once the wage controls were released after the war, prices did increase significantly. Prices went up 37 percent from 1944 and 1948, about the equivalent of the increase from 1976 to 1980.
What was the Fisher Price plant used as during World War 2?
it made tanks
How was inflation combated during World War 2?
price and wage control, rationing
What are two examples of direct control in ww1?
The two examples of direct control in ww1 included price controls and rent controls.
When was Office of Price Administration created?
WWII Office that installs price controls on essential items to prevent inflation
Give an example of a price floor and a price ceiling and the purpose of the controls?
an example of a price floor is the minimum wage
Who enacted price controls to help deal with shortages during World War 2?
Herbert Hoover, in 1492
Who controls the price of gasoline?
the government controls the price of gasoline
Who controls monetary and fiscal policy?
No one controls it. It is a combination of factors that figures into monetary and fiscal policy. There are world factors, the price of gold, world stock markets, wars, and other things determine policy.
What was the office of price adminisration?
This was an office set up by the United states government to administer price controls and rent payments immediately after the second world war.
What is price control?
A price control is a ceiling that is set by the government, which does not allow the price of a product to rise above a certain level. The reasons for setting price controls usually have something to do with a particular situation. For example, during a time of war, price controls may be set. Another reason could be a necessary commodity which has continued to rise in cost, making it prohibitively expensive for consumers.
There were many labor strikes after world war 2 as workers tried to win wage increases and?
and preserve price controls
Why are price controls used?
Price controls prevent price gouging on items that are essential but either in short supply or else whose supply in controlled by one group.
Why didn't the US national debt from World War 2 cause hyperinflation?
America instituted many price and wage controls during World War II to hold down inflation. Rent control got its start during the war and employers starting offering benefits such as health insurance to bypass wage controls. Shortages did occur and life was quite tough for those back home during the war. Once the wage controls were released after the war, prices did increase significantly. Prices went up 37 percent from 1944 and 1948, about the equivalent of the increase from 1976 to 1980.
What controls price and availability in an industry?
monopoly
What organization's goal is to control the worlds production and price of oil?
OPEC is the organization that controls the world's production and price of oil. The members of OPEC come from twelve oil producing states.
What was the price of gasoline in Germany during World War 2?
2.99
