Japanese tanks of World War II M4 Sherman medium tank. Originally, the next tank in development to replace the Type 1 Chi-He was the Type 4 Chi-To medium tank. However, the development of the Type 4 Chi-To was delayed, and a "stopgap tank" was needed. Development of the Chi-Nu started in May 1943 and was finished by October. The low priority given tanks, along with the raw material shortages meant that the Type 3 did not enter production until 1944. It was the last design based directly on Type 97 lineage. The Chi-Nu retained the same chassis and suspension of the Chi-He, but with a new
Impact of the Korean War on the economy of the United States very high and volatile during World War II, averaging 18 percent between 1940 and 1946, the average money growth rate during the Korean War was 4 percent. In response to this growth in inflation, the government implemented price and wage controls. Increases in taxes and new price and wage controls that constrained private sector consumption and investment affected overall material well-being. In the years after the war, consumption and investment continue to be impacted by war as they did not return to pre-war levels. While military spending in the US was high prior to the Korean War due to ongoing