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Article: Office of Price Administration

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Gale Encyclopedia of U.S. Economic History
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OFFICE OF PRICE ADMINISTRATION


During World War II (1939 – 1945), the federal government became the major consumer of production for the war period. Accordingly, Congress instituted a price fixing authority on all goods and wages with the creation of the Office of Price Administration (OPA), and the "General Maximum Price Regulation" (General Max), which froze all retail prices at their highest price levels as of March 1942.

On April 27, 1942, President Franklin Roosevelt outlined another aspect of price administration, to be known as "rationing" (which Roosevelt described as ...

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