So I'm teaching my 7th graders about life after WW2 and the book makes mention of inflation (defined as a rise in prices) after WW2 because price controls were lifted. Are there any other reasons for the rise in prices, like monetary inflation to pay for the war and the postwar programs?
At least my kids were surprised to see inflation defined as it was. At least they're paying attention.
What years are we talking about? The 40s, or long term?
Peace
i probably sure that ww2 used up a lot of resources and the government was spending money like crazy during that period