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  • Inflation Article 1944

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    During wartime, resources are diverted to the military which reduces supply and drives up prices. To control inflation, the government sets wage and price ceilings, taxes excess profits, issues victory bonds, and rationing ensures fair access to scarce goods for all citizens. These measures aim to protect people from rising costs of living during the war and prevent a wage-price spiral that could lead to runaway inflation.

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    During wartime, resources are diverted to the military which reduces supply and drives up prices. To control inflation, the government sets wage and price ceilings, taxes excess profits, issues victory bonds, and rationing ensures fair access to scarce goods for all citizens. These measures aim to protect people from rising costs of living during the war and prevent a wage-price spiral that could lead to runaway inflation.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    166 views1 page

    Inflation Article 1944

    Uploaded by

    api-278227523
    During wartime, resources are diverted to the military which reduces supply and drives up prices. To control inflation, the government sets wage and price ceilings, taxes excess profits, issues victory bonds, and rationing ensures fair access to scarce goods for all citizens. These measures aim to protect people from rising costs of living during the war and prevent a wage-price spiral that could lead to runaway inflation.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    .~..~t... .l?

    -('L'~''~
    ~~ v
    t
    ~
    .ai^'

    '

    "gym?;;

    ,~."-"""H... . ...

    one
    easy lesson
    t,

    ~~
    . y
    ti

    k,

    .m

    ~y'
    c

    ~ ''k.
    s

    A
    .~'~

    but half of what is


    made is for war

    so consumers can't
    get all they want

    and workers need


    higher wages

    and the vicious


    spiral of inflation
    gets started

    ~s;;

    money buys less


    and less

    TO PROTECT US ALL FROM TILE R151NG COST OF LIVING


    AN TILE ISASTER OF INFLATION
    r~

    wages and salaries


    are controlled to prevent
    higher production costs
    from pushing up the ceiling

    a ceiling is
    set on prices

    and excess profits


    are taxed away

    av

    to pay the costs of war


    and individual incomes
    are tried more heavily

    Victory Loans
    are launched

    lc

    ~J
    a

    supplies are divided


    fairly among producers
    and merchants

    and nobody is permitted


    to take advantage of
    the war t0 get more
    ,than his share

    PRIORITY
    xYZa cD.
    QUOTA

    SO

    Ye

    rationing is introduced
    to ensure a fair share
    to everyone

    while the boys are


    out there fighting

    ~!~'
    rflNxx:
    ' .~,~'`"

    d
    Ob
    ,O

    at prices within the reach of


    everybody ('

    Bntrow
    BOOK

    (This ie the third of a aerleabeiag


    iaeued by the Govemmmt o4
    Gnada to emphasise the import "
    race of Dreventin$furthtr iaaeases
    to the cost of Brie$ aow aad defla "
    tioa later .)

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