Medium tank to manufacture a well-balanced medium tank in very large numbers - around 57,000 T-34s and 49,000 M4 Sherman tanks were built during the war period. During and after World War II, the roles of light tanks were gradually taken over by less-expensive armoured cars and specialised reconnaissance vehicles. Heavy tanks, having shown their limitations in combat, experienced a limited post-war arms race of progressively more heavily armed and armoured designs. With the rise of more sophisticated anti-tank missile weapons, to which heavy tanks had demonstrated high vulnerability, these too were eventually phased out. With advances in technology, aspects such as
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