Office of Price Administration


Office of Price Administration
Menu with ceiling prices
Mileage ration book

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 was originally to control money (price controls) and rents after the outbreak of World War II.

President Franklin D. Roosevelt revived the Advisory Commission to World War I Council on National Defense on May 29, 1940, to include Price Stabilization and Consumer Protection Divisions. Both divisions merged to become the Office of Price Administration and Civilian Supply (OPACS) within the Office for Emergency Management by Executive Order 8734, April 11, 1941. Civil supply functions were transferred to the Office of Production Management.

It became an independent agency under the Emergency Price Control Act, January 30, 1942. The OPA had the power to place ceilings on all prices except agricultural commodities, and to ration scarce supplies of other items, including tires, automobiles, shoes, nylon, sugar, gasoline, fuel oil, coffee, meats and processed foods. At the peak, almost 90% of retail food prices were frozen. It could also authorize subsidies for production of some of those commodities.

Most functions of the OPA were transferred to the to newly established Office of Temporary Controls (OTC) by Executive Order 9809, December 12, 1946. The Financial Reporting Division was transferred to the Federal Trade Commission.

The OPA was abolished effective May 29, 1947, by the General Liquidation Order issued March 14, 1947, by the OPA Administrator. Some of its functions were taken up by successor agencies:

  • Sugar and sugar products distribution by the Sugar Rationing Administration in the Department of Agriculture pursuant to the Sugar Control Extension Act (61 Stat. 36), March 31, 1947
  • Price controls over rice by the Department of Agriculture by Executive Order 9841, on April 23, 1947, effective May 4, 1947
  • Food subsidies by the Reconstruction Finance Corporation, effective May 4, 1947
  • Rent control by the Office of the Housing Expediter, effective May 4, 1947
  • Price violation litigation by the Department of Justice, effective June 1, 1947
  • All other OPA functions by the Division of Liquidation, Department of Commerce, effective June 1, 1947.

During the Korean War, similar functions were performed by the Office of Price Stabilization (OPS).

Famous employees include economist John Kenneth Galbraith, legal scholar William Prosser, and President Richard Nixon.

The OPA is featured, in fictionalized form as the Bureau of Price Regulation, in Rex Stout's Nero Wolfe mystery novel The Silent Speaker.

Administrators of the office

See also

References


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Office Of Price Administration — (OPA)    Initially created as the Office of Price Administration and Civilian Supply in April 1941, the OPA was established on 28 August 1941. The OPA was authorized to issue price schedules on vital commodities but had limited powers. On 30… …   Historical Dictionary of the Roosevelt–Truman Era

  • Office of Price Administration. — See OPA. * * * …   Universalium

  • Office of Price Administration. — See OPA …   Useful english dictionary

  • Office of Economic Stabilization — The Office of Economic Stabilization was established within the United States Office for Emergency Management on October 3, 1942, pursuant to the Stabilization Act of 1942, as a means to control inflation during World War II through regulations… …   Wikipedia

  • Office Of Economic Stabilization — (OES)    Established by President Franklin D. Roosevelt in October 1942 and headed by James F. Byrnes, the OES was intended to resolve disputes between various war agencies and establish policies on wages, salaries, prices, rents, and profits to… …   Historical Dictionary of the Roosevelt–Truman Era

  • Office of Gas and Electricity Markets — (Welsh: Swyddfa’r Marchnadoedd Nwy a Thrydan) Non ministerial government department overview Preceding agencies Office of Electricity Regulation Office of Gas Supply Jurisdiction United Kingdom …   Wikipedia

  • Office of Defense Mobilization — The Office of Defense Mobilization (ODM) was an independent agency of the United States government whose function was to plan, coordinate, direct and control all wartime mobilization activities of the federal government, including manpower,… …   Wikipedia

  • Office of Safe and Drug Free Schools — The Office of Safe and Drug Free Schools (OSDFS) is a subdivision within the United States Department of Education that is responsible for assisting drug and violence prevention activities within the nation s schools. The office was established… …   Wikipedia

  • Office of Censorship — The Office of Censorship was an emergency wartime agency set up on December 19, 1941 to aid in the censorship of all communications coming into and going out of the United States. Contents 1 Overview 2 The Code of Wartime Practices 3 Censorship… …   Wikipedia

  • Office of Financial Stability — The Office of Financial Stability is a new office within the Office of Domestic Finance of the United States Treasury created by the Emergency Economic Stabilization Act of 2008 to operate the Troubled Assets Relief Program.[1] OFS is headed by… …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.