Post War Price Controls

As WW1 commenced, Government involvement increased drastically within the economic sector. The government used Price Controls, although with little organization, and forced numerous industries to regulate their specific prices.  The policies passed during wartime was mainly aimed at monetary expansion and definitely contributed to an influx of inflation.
After the 1918 Armistice Price control policies were allowed to wane off for a bit although there was public support to continue them. The economy dipped for a bit; however, in 1919 it returned to normal and prices began to rise at a rate similar to the war period. Again  various price control measures were taken, the most known was the local "fair-price committees." Although these committees tried their best to cruft inflation, prices continued to rise and these government policies were seen as a failure. This caused the economic recession of the early 1920's. Prices rose sharply, and then the bubbled popped starting in the June of 1920. While not remembered as well as the Great depression 10 years later, the recession was still extremely catastrophic.