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  2. Price controls - Wikipedia

    en.wikipedia.org/wiki/Price_controls

    A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, [21] good, commodity, or service. A price floor must be higher than the equilibrium price in order to be effective. The equilibrium price, commonly called the "market price", is the price where economic forces such as supply ...

  3. Emergency Price Control Act of 1942 - Wikipedia

    en.wikipedia.org/wiki/Emergency_Price_Control...

    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 ...

  4. Economic Stabilization Act of 1970 - Wikipedia

    en.wikipedia.org/wiki/Economic_Stabilization_Act...

    The Economic Stabilization Act of 1970 (Title II of Pub. L. 91–379, 84 Stat. 799, enacted August 15, 1970, [2] formerly codified at 12 U.S.C. § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers [3] as part of a general program of price controls within the American domestic goods and labor ...

  5. Nixon shock - Wikipedia

    en.wikipedia.org/wiki/Nixon_shock

    The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States President Richard Nixon on 15th August 1971 in response to increasing inflation.

  6. Office of Price Administration - Wikipedia

    en.wikipedia.org/wiki/Office_of_Price_Administration

    The success of the OPA’s price controls and rationing policies depended on the support of women who acted as the main shoppers of their households, especially during wartime. Local community organizations, governments, and OPA boards held educational seminars aimed at women, targeted women to join local price and rationing boards, and ...

  7. Overdraft fees crackdown: Biden administration sets new ... - AOL

    www.aol.com/overdraft-fees-crackdown-biden...

    This rule, and the government price controls that accompany it, will make it significantly harder for banks to offer this valuable service to their customers, including those who have few other ...

  8. Fed chair Jerome Powell: No sign of stagflation in U.S. economy

    www.aol.com/news/fed-chair-jerome-powell-no...

    Powell compared today's economy, with both inflation rates and the unemployment rate below 4%, to that of the 1970s, the decade when most economists consider stagflation to have taken root ...

  9. Incomes policy - Wikipedia

    en.wikipedia.org/wiki/Incomes_policy

    The Callaghan government in the 1970s sought to reduce conflict over wages and prices through a "social contract" in which unions would accept smaller wage increases, and business would constrain price increases, imitating Nixon's policy in America. [17] Price controls ended with the election of Margaret Thatcher in 1979.