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 HendersonHenderson, 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 administration of
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 (1941–42), Prentiss H. Brown (1943), and Chester B. BowlesBowles, 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 (OPA) and then
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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.
References in periodicals archive ?
During World War n, Taggart took leave from the University of Michigan and went to Washington, where he served as director of accounting for the Office of Price Administration (OPA).
In 1942, price ceilings were put on most food products, and a food-rationing division was set up within the Office of Price Administration.
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.
During World War II, the Office of Price Administration did the theoretically impossible by keeping prices steady at a time of shortages and rapidly rising incomes.
During the Second World War he worked in the Office of Price Administration and in the anti-trust division of the Department of Justice.
Roosevelt, officially giving the Office of Price Administration the power to set all prices except those for farm products.
Naomi then moved to Washington, where she worked in economics, first at the Office of Price Administration and then at the Labor Board in Wages Adjustment.
It was a sellers' market, and despite attempts by the federal Office of Price Administration to control rents, landlords generally got away with gouging.
His only political position during the Roosevelt era was as deputy head of the Office of Price Administration, a job he performed superbly Despite being a member of America First in the prewar years, Bowles emerged from the Second World War as an important advocate of a brand of Wilsonian internationalism.
The Office of Price Administration (OPA) was granted one more year of life by the House of Representatives.
Thrown together in the early days of World War II, the Office of Price Administration eventually controlled almost every price--of any dress, any peach, any stove or pork chop--in the United States.
World War II, through the Office of Price Administration, skewed the economics in favor of shipment in bulk to eastern bottlers as a way to legally avoid the price freeze on wine brands.

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