The end of New Deal subsidies led to a new wave of competition between artists, and the abstract-expressionist style expanded. The market for this new art was energized by a number of factors: the postwar period of inflation and the pent-up demand and incomes from the war led to a new cascade of collectors. Additionally, French art was no longer imported after 1944, and the European art market had been devastated by the war.
Article source here:Arts Journal
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