Tanks of the United States saw limited action in the battle for Normandy as armored recovery vehicles with dummy guns. The M4 was the best known and most used American tank of World War II. Christened "Sherman" by the British, it was named for the famous US Civil War General, William Tecumseh Sherman. The M4 Sherman was a medium tank that proved itself in the Allied operations in North Africa, Europe and the Pacific theaters of war in World War II. The Sherman was a relatively inexpensive, easy to maintain and produce combat system. Similar to production efforts on the part of the Soviet Union
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