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Abstract

Inflationary forces leading to the imposition of price controls by the Government in four periods since 1914 are outlined. Basic concepts about price controls are discussed, and pricing standards and pricing techniques are described. Price movements before, during, and after World War I, World War II, the Korean Conflict, and the current Vietnam-related program are analyzed. Control of marketing margins on foods seems to have been successful in the three earlier experiences with price controls.

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