Tanks of the U.S. in the Cold War M47 Patton was intended to replace the M46 Patton and M4 Sherman tanks. It had a 90 mm gun and a crew of 5. The M47 was the U.S. Army and Marine Corps primary tank, intended to replace the M46 Patton and M4 Sherman tanks. Although roughly similar (from a distance) to the later M48s and M60s, these were completely new tank designs. Many different M47 Patton models remain in service internationally. The M47 was the last US tank to have a bow-mounted machine gun in the hull. Despite it being the primary tank of the US it never saw
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