According to President Truman, which of the following outcomes were predicted by many experts in the years following the end of World War II? Check all of the boxes that apply. Inflation World War III economic collapse economic stabilization.

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26-01-2022
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According to President Truman, which of the following outcomes were predicted by many experts in the years following the end of World War II? Check all of the boxes that apply. Inflation World War III economic collapse economic stabilization.

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deebikamadhivanan deebikamadhivanan · Answer 1 · 2022-02-03T05:24:01+01:00

From 1945 until 1953, Harry S. Truman was the United States' 33rd president. He previously served as a US Senator from Missouri from 1935 to 1945 and was a lifelong member of the Democratic Party.

Inflation and economic collapse are the options that apply regarding the world war iii situation.

The reasons for the outcomes predicted

Following WWII, monetary authorities stuck to the common notion that inflation was caused by an overabundance of credit, which led to unsustainable increases in the prices of commodities and assets due to speculative excess.
The potential of World War III sparked fears of a return to wartime inflation, price controls, and rationing.

Commodity prices and consumer durables purchases both increased.

With the advent of the Chinese into the Korean War and the conviction in the imminence of World War III, hesitation gave way to determine in the fall of 1950.

Therefore, inflation and economic collapse were the two predicting outcomes from the end of world war II.

For more information about World war II outcomes, refer below

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