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Merchants Helped Defense Effort to Stabilize Prices
Leon Henderson testifies that retailers cooperated with Washington to prevent price spirals during wartime shortages. Government purchases reached 15 million pairs of shoes without boosting consumer prices as merchants averaged costs and avoided scare advertising. Some goods may be scarce for a while, but stores will strive to keep essential items available.
MENTIONED IN THIS ARTICLE
America
Leggetts
Washington
Leon Henderson
Henderson