1. 1970 (having an 11.04% rate of inflation)
2. Increased involvement in the Vietnam War, Great Society programs fully in effect.
"The late 1960's increase in inflation was due to the increase of taxes, increase the issuance of currency and cutting public expenditures, in the Lyndon B Johnson government, in order they could meet the military expenses they where having at that moment thanks to the Vietnam war."
3. Consumers lose purchasing power with inflation forcing them to buy less.
"If there is an increase in inflation but not in salary, the amount of earnings will not be powerful enough overtime, which means American consumers would be needing more money to satisfy their daily requirements."
When history is revived by one
Based on the information given, the goals of each movement will be:
- OPA = controlled inflation and rationed scarce goods such as tires, automobiles, gas, and shoes
- WPB = directed industries to wartime work, located scarce materials and rationed gas, heating oil, metals, and paper
- OWI = encouraged Americans to join the war effort using different types of propaganda.
<h3>Goals.</h3>
It should be noted that goals simply means what an individual or company intends to achieve.
Therefore, the goal of OPA is to control inflation and rationed scarce goods such as tires, automobiles, gas, and shoes.
Learn more about goals on:
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