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Office of Price Administration

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Office of Price Administration (OPA), U.S. federal agency in World War II, established to prevent wartime inflation. The OPA issued (Apr., 1942) a general maximum-price regulation that made prices charged in Mar., 1942, the ceiling prices for most commodities. Ceilings were also imposed on residential rents. These regulations were gradually modified and extended by OPA administrators—notably Leon Henderson Henderson, Leon, 1895–1986, American economist, administrator of the Office of Price Administration (1941–42), b. Millville, N.J. An official of the Russell Sage Foundation (1925–34), Henderson held several posts as economic adviser in the
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 (1941–42), Prentiss H. Brown (1943), and Chester B. Bowles Bowles, Chester Bliss , 1901–86, U.S. public official, b. Springfield, Mass.; grandson of Samuel Bowles (1851–1915). At first a journalist and an advertising man, Bowles was later (1942–43) head of the Connecticut Office of Price Administration
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 (1943–46)—until almost 90% of the retail food prices were frozen. Prices continued to rise, however, and new drives to secure compliance resulted; ultimately the OPA succeeded in keeping consumer prices relatively stable during the remaining war years. Besides controlling prices, the OPA was also empowered to ration scarce consumer goods in wartime. Tires, automobiles, sugar, gasoline, fuel oil, coffee, meats, and processed foods were ultimately rationed. At the end of the war rationing was abandoned, and price controls were gradually abolished. The agency was finally disbanded in 1947.


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What has always amazed me most is the Office of Price Administration, which managed to hold prices down in the face of incredible inflationary pressures generated by shortages not just of gasoline but of almost everything.
Zelda is a homemaker who, during their marriage, was employed by the Office of Price Administration - during and after World War II - as well as by Southern Counties Gas Co.
presidents, in jobs ranging from associate general counsel in the Office of Price Administration to, more recently, President Carter's special representative to the Panama Canal Treaty and Middle East peace negotiations.
 
 
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