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The Office of Price Administration (OPA) was established within the Office for Emergency Management of the United States government by Executive Order 8875 on August 28, 1941. The functions of the OPA were originally to control money ( price controls ) and rents after the outbreak of World War II .
The Emergency Price Control Act was penned as three titles specifying rulings for price controls regarding agricultural commodities, goods and services, and real property. The Act provided authority for enforcement, investigative reporting, and reviews of price stabilization schedules by the Office of Price Administration. The law specified a ...
It was dissolved shortly after the defeat of Japan in 1945 and was replaced by the Civilian Production Administration in late 1945. In 1942–1945, WPB supervised the production of $183 billion (equivalent to $2.46 trillion in 2023 [ 5 ] ) worth of weapons and supplies, about 40 percent of the world output of munitions.
price czar Administrator, Office of Price Administration: Leon Henderson [127] 1941–1942 (New position), Exec order, President appointed Franklin Roosevelt: Prentiss M. Brown [128] 1942–1943 President appointed Chester Bowles [129] 1943–1946 Chairman of the Price Commission Grayson Jackson [130] 1971 (New position), President appointed ...
In 1942, President Franklin D. Roosevelt signed the Emergency Price Control Act into law. The goal of the act was to prevent inflation in the booming, fully employed wartime economy by setting price controls nationwide. In November 1943, the Office of Price Administration froze New York rents at their March 1, 1943, levels. When the Emergency ...
The previous record was $2.97 in September 2015. ... By the time Biden took office, the price was back up to $212. After several fits and starts, the travel industry recovered, prices started ...
Schellenberg briefly left NARA for three years at the close of WWII in 1945, when he took a job as a Records Officer in the Office of Price Administration. His work there illustrated the many difficulties found in managing vast amounts of government records, which only increased his commitment to finding solutions.
The Presidential Records Act mandates that all records created by the Executive Office of the President are to be preserved and transferred to the National Archives at the end of a president's administration. [14] [4] [15] The Archivist of the United States is the chief official overseeing the operation of the National Archives and Records ...