Price controls caused many of the shortages. The US went off the gold standard and inflation was the result. The government instituted price controls and shor

Price controls caused many of the shortages. The US went off the gold standard and inflation was the result. The government instituted price controls and shortages were the result. We even had shortages of natural gas, which, at the time, came entirely from with the US. In this environment, such a rumor was not hard to believe.