Economics

[|http://elcoushistory.tripod.com/economics1950.html] One of the major issues during this time period was inflation. Two major waves of inflationary conditions swept the country at this time. The first followed the end of WWII and the second at the onset of the Korean War in 1950. The causes of this inflation are not yet fully understood. Slow economic growth and slow increases may very likely be the cause. Consumer prices increased significantly over this decade due to a number of reasons. The first of which was the slow growth of productivity in the U.S. economy, especially in the service sector.

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