Compared with other nations, the U.S. was still a land flowing with milk & honey. But the list of uncomfortable shortages was lengthening.
One shortage that threatened to be serious was cotton textiles, in spite of a surplus of raw cotton (see below). Shopwindows might display eye-catching assortments of merchandise until window-shoppers got snub-nosed: the price tags, for most people, said "touch me not." Consumers in the low-income brackets found only inadequate stocks of shabby merchandise at prices they could afford. OPA ceiling prices on cheap goods were set so low that...