What was the purpose of the Office of Price Administration quizlet?

What was the purpose of the Office of Price Administration quizlet?

The Office of Price Administration, a New Deal organization created to control prices after the outbreak of WWII to control inflation and stabilize prices. It also had the power to ration scarce goods such as tires, automobiles, shoes, sugar, and gasoline among other things.

What was the purpose of the Office of Price Administration during ww2?

On August 28, 1941, President Roosevelt’s Executive Order 8875 created the Office of Price Administration (OPA). The OPA’s main responsibility was to place a ceiling on prices of most goods, and to limit consumption by rationing. Americans received their first ration cards in May 1942.

What did the Office of Price Administration do with American families?

In May of 1942, the U.S. Office of Price Administration (OPA) froze prices on practically all everyday goods, starting with sugar and coffee. War ration books and tokens were issued to each American family, dictating how much gasoline, tires, sugar, meat, silk, shoes, nylon and other items any one person could buy.

What problem was targeted by the Office of Price Administration?

The Office of Price Administration, established in 1941, controlled money (price controls), rents after the outbreak of World War II, and wages. It also rationed scarce supplies. The War Production Board established in 1942 was the major war-time agency in charge of converting peacetime industries to meet war needs.

What did the Office of Price Administration do to control the economy during World war 2?

How did the Office of Price Administration Opa fight inflation?

Office of Price Administration (OPA), U.S. federal agency in World War II, established to prevent wartime inflation. 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.

What was the purpose of this type of Office of War Information poster?

These were just a few of the thousands of posters produced and distributed by the Office of War Information (OWI) during World War II to persuade the American people to support the war effort, to conserve the nation’s vital resources, to buy saving bonds, and to not reveal possible national secrets.

Why was the Office of Price Administration created?

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.

What was the purpose of the price proclamation?

This proclamation was set up within the United States Office of Emergency Management. Its main purpose was price control. Previously, in mid-1940s, President Franklin Delano Roosevelt had reinstated a World War I advisory board for national defense.

When did office of Price Administration and civilian supply merge?

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.

What was the result of the Emergency Price Control Act?

The Emergency Price Control Act (EPCA) passed on 30 January 1942 provided the legislative basis for OPA to regulate prices, not including agricultural commodities. EPCA also allowed for rent controls. The most prominent result of EPCA was the General Maximum Price Regulation issued by OPA in May 1942.