Inflation Pt. 2 of 2

Inflation Pt. 2 of 2 Illustrations & animation showing consumer goods put into boxes - clothes, food, building materials, household appliances, “goodies”; Piled boxes. 00:38:18 Money piled up alongside boxes. VO “too few goods or too much money, depending on how you look at it”. Fred & wife (SOF) want to know where extra money came from. Argue. 00:40:01 Animated calendar pages flip back to 1938; Couples dancing; Fred accidentally tunes in to Hitler speech on large floor radio - WWII headlines montage. 00:40:34 Fred working in quartermaster’s store handing out Army uniforms; wife working as secretary to factory boss; boss at bank arranging $2.5m loan for war contract. Capitol Building (GOOD); VO re war contracts & “credit expenditure”. 00:41:22 AV Pentagon; shots of bank ext., int. meetings & heavy industry w/ loan agreements supered; good shot man in factory office as fighter planes pass along production line through glass. Cut back to Fred & Alice in 1952; SOF: “Would you mind telling me what all this has to do with inflation?”. 00:42:16 Animation showing tanks, planes & ships produced for war - too much money created, so prices have to rise. 00:43:19 Montage SOF: people complaining. 00:43:44 Town meeting (SOF) Economist “Professor Daniel Seabrook” introduced by Mayor, answers questions about inflation from Fred et al w/ cutaways to animated diagrams; narrator interrupts to ask him to clarify & everyone turns to look at camera. 00:46:31 Seabrook over illustrations of goods. 00:47:35 “Every economy that can be made should be made... Most of the tax money we pay goes for defence, and for paying for past wars...”. 00:48:27 “More taxes?” CUs people’s faces looking concerned as economist sums up w/ defense-orientated speech “...we must not only be willing to defend ourselves, we must also be willing to pay the necessary price.” Talks about need to incrrease productivity. “This may mean waiting for that new car or washing machine, doing without a new suit or dress, or postponing a non-defense business expansion. It may mean doing without a raise or price increase, it means less spending, more saving.” Ends abruptly. Economics; 1950s Americana Fashions; Post-Korean War Economy; Government Bonds;