aug 28, 1941 - Office of Price Administration

Description:

The Office of Price Administration (OPA) was established by the U.S. government in 1941 during World War II to control money (price controls) and rents after the outbreak of the war. It aimed to prevent inflation by freezing prices on most goods and implemented rationing of scarce supplies, such as gasoline, heating oil, metals, rubber, paper, and foods, to support the war effort and stabilize the economy.

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