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Economic Efficiency

Author: Annenberg Learner (Firm); Films Media Group,
Publisher: [Place of publication not identified] : Annenberg Learner (Firm), New York, N.Y. : Distributed by Films Media Group, [2012] ©2012 2016.
Series: Economics U$A: 21st Century Edition.
Edition/Format:   eVideo : Clipart/images/graphics : English : 21st Century editionView all editions and formats
Summary:
In preparation for WWII, the Roosevelt administration instituted wage price and price controls to curb inflation and better focus production on war materials. When the Nixon administration set up price controls for beef, farmers attempted to stifle the supply by withholding animals from the markets. Following WWII, rent controls established to aid returning war veterans cut into landlord profits and consequently led  Read more...
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Details

Genre/Form: Internet videos
Material Type: Clipart/images/graphics, Internet resource, Videorecording
Document Type: Internet Resource, Computer File, Visual material
All Authors / Contributors: Annenberg Learner (Firm); Films Media Group,
OCLC Number: 953516922
Language Note: Closed-captioned.
Notes: Originally released by Annenberg Learner (Firm), 2012.
Streaming video file encoded with permission for digital streaming by Films Media Group on February 17, 2016.
Title from distributor's description (Films Media Group, June 2, 2016).
Target Audience: 9 & up.
Description: 1 online resource (1 video file (28 min., 8 sec.)) : color and sound.
Contents: Economic Efficiency: What Price, Controls? (1:54) --
Invisible Hand in the Marketplace (2:55) --
Price Freeze Repercussions (3:31) --
Ineffectiveness of Price Controls (3:21) --
Planning for World War II (2:12) --
Economy of World War II (1:30) --
Office of Price Administration (2:19) --
Price Control Analysis (1:28) --
Post War Housing Crisis (2:34) --
Rent Control in the 1960s (2:21) --
Costs of Price Interference (3:05) --
Credits: Economic Efficiency-Economics U$A: 21st Century Edition (0:30).
Series Title: Economics U$A: 21st Century Edition.
Responsibility: Annenberg Learner (Firm).

Abstract:

In preparation for WWII, the Roosevelt administration instituted wage price and price controls to curb inflation and better focus production on war materials. When the Nixon administration set up price controls for beef, farmers attempted to stifle the supply by withholding animals from the markets. Following WWII, rent controls established to aid returning war veterans cut into landlord profits and consequently led some to abandon properties. These stories examine how the "invisible hand" behind free markets operates, the reasons for interfering with free markets, and the costs of doing so.

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