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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. [3]
The Act of Congress established the Office of Price Administration (OPA) as a federal independent agency being officially created by Franklin D. Roosevelt on April 11, 1941. [1] The H.R. 5990 legislation was passed by the 77th U.S. Congressional session and enacted into law by Franklin D. Roosevelt on January 30, 1942. [2]
Leon Henderson (May 26, 1895 – October 19, 1986 [1]) was the administrator of the Office of Price Administration from 1941 to 1942. He also served as a member of several United States federal government agencies during World War II.
The OPA directed the process of stabilization of prices and rents. [19] On May 11, 1941, President Roosevelt created the Office of Price Administration and Civilian Supply (OPACS). On August 28, 1941, it became the Office of Price Administration (OPA). After the US entered the war in December 1941, OPA was tasked with rationing and price controls.
The United States suffered from inflation during the war, and the administration instituted price and wage controls. [128] In 1943, Roosevelt established the Office of War Mobilization (OWM) to oversee war production. The OWM was led by James F. Byrnes, who came to be known as the "assistant president" due to his influence. [129]
The Supply Priorities and Allocations Board (SPAB) was a United States administrative entity within the Office for Emergency Management which was created and dissolved during the World War II. The board was created by President Franklin D. Roosevelt via Executive Order 8875 on August 28, 1941, and dissolved less than five months later. [1]
From 1934 to 1941, Ford was a professor at Loyola Law School—the school where his father was the founding dean. [1] From 1941 to 1943, he was the Chief Enforcement Attorney in Los Angeles for the Office of Price Administration, the newly established federal agency responsible for rent and price controls (the OPA was abolished in 1946). [1]
price czar Administrator, Office of Price Administration: Leon Henderson [125] 1941–1942 (New position), Exec order, President appointed Franklin Roosevelt: Prentiss M. Brown [126] 1942–1943 President appointed Chester Bowles [127] 1943–1946 Chairman of the Price Commission Grayson Jackson [128] 1971 (New position), President appointed ...