Sudden Shift

TRANSITION Sudden Shift

The price of sudden peace would be high. This week, as the nation wondered how deep and how serious an economic wound would come from sharp cutbacks in war production , Washington made hasty plans and emergency estimates. The most hopeful guess of Government economists was that the worst might be over in six months. In those six months the war-swollen U.S. economy would suffer hard bumps.

The average U.S. citizen was headed into a period of uncertainty that could become critical. Sensing the danger signals, President Truman ordered all U.S. agencies to act speedily for a quick...

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