T20 Medium Tank T20 Medium Tank The Medium Tank T20 was part of a series of medium tanks designed by the United States during the Second World War, to be the successor to the Medium Tank M4 "Sherman", and culminated in the M26 Pershing. Almost immediately after the M4 Sherman was standardized, the US Ordnance Department started work on a successor. The Ordnance Department had already been working on heavily armored infantry tank design for the British, using M4 parts. The new project was started on the 25 May 1942, it was originally designated M4X. Starting with the T20, the Ordnance Department initially
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