Office Of Price Administration
- Office Of Price Administration
(OPA)
Initially created as the Office of Price Administration and Civilian Supply in April 1941, the OPA was established on 28 August 1941. The OPA was authorized to issue price schedules on vital commodities but had limited powers. On 30 January 1942, Congress passed the Emergency Price Control Act giving the OPA greater power to impose price ceilings on goods, services, and rents. In October, the administration was granted power under the Economic Stabilization Act to introduce rationing. Almost 90 percent of food prices were frozen, and rationing was introduced on sugar, gasoline, oil, cars, tires, and meat. The OPA was headed first by Leon Henderson and from 1943 onward by Chester B. Bowles. After the war, rationing came to an end, and price controls gradually ended. The OPA was finally disbanded in 1947.
Historical Dictionary of the Roosevelt–Truman Era .
Neil A. Wynn .
2015.
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