American military technology during World War II technologies. The M4 Sherman became the standard American military tank in World War II. Due to lack of development before the war leading to inexperience in tank design, the first large scale production of a medium tank was the M3 Lee, built for the US and the British, a compromise design with the main weapon mounted in the hull. It did have a stabilized 37mm gun in the turret, which was effective against antitank guns, able to fire, and hit, even when moving. By contrast, no German tanks had stabilized guns. The M6 series was the first of the heavy
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