Office Of Price Stabilization

Office Of Price Stabilization
   Created on 9 September 1950 to control inflation during the Korean War, the OPS was able to introduce mandatory price controls but appealed to business and industry to observe “voluntary pricing standards.” However, on 26 January 1951 it ordered a general price freeze, but it proved difficult to enforce. The office was abolished in 1953.

Historical Dictionary of the Roosevelt–Truman Era . . 2015.

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