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| Agency overview | |
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| Formed | October 3, 1942 |
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 on price, wage, and salary increases. [1]
The Reconstruction Finance Corporation (RFC) was a government corporation administered by the United States Federal Government between 1932 and 1957 that provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses. Its purpose was to boost the country's confidence and help banks resume daily functions after the start of the Great Depression. The RFC became more prominent under the New Deal and continued to operate through World War II. It was disbanded in 1957, when the US Federal Government concluded that it no longer needed to stimulate lending.
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 were originally to control money and rents after the outbreak of World War II.
The War Measures Act was a statute of the Parliament of Canada that provided for the declaration of war, invasion, or insurrection, and the types of emergency measures that could thereby be taken. The Act was brought into force three times in Canadian history: during the First World War, Second World War, and the 1970 October Crisis.
This section of the timeline of United States history concerns events from 1930 to 1949.
The Economic Stabilization Act of 1970 was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers as part of a general program of price controls within the American domestic goods and labor markets. It established standards to serve as a guide for determining levels of wages, prices, etc., which would allow for adjustments, exceptions and variations to prevent inequities, taking into account changes in productivity, cost of living and other pertinent factors.
The United States maintained its Constitutional Republic government structure throughout World War II. Certain expediencies were taken within the existing structure of the Federal government, such as conscription and other violations of civil liberties, including the internment and later dispersal of Japanese-Americans. Still, elections were held as scheduled in 1944.
The War Production Board (WPB) was an agency of the United States government that supervised war production during World War II. President Franklin D. Roosevelt established it in January 1942, with Executive Order 9024. The WPB replaced the Supply Priorities and Allocations Board and the Office of Production Management.
The Hungarian National Bank is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). It was established in 1924 as a successor entity of the Austro-Hungarian Bank.
The Temporary Emergency Court of Appeals was established by the United States Congress in December 1971 with exclusive jurisdiction to hear appeals from the decisions of the U.S. district courts in cases arising under the wage and price control program of the Economic Stabilization Act of 1970.
The Office of Censorship was an emergency wartime agency set up by the United States federal government on December 19, 1941 to aid in the censorship of all communications coming into and going out of the United States, including its territories and the Philippines. The efforts of the Office of Censorship to balance the protection of sensitive war related information with the constitutional freedoms of the press is considered largely successful.
The Office of War Mobilization (OWM) was an independent agency of the United States government formed during World War II to coordinate all government agencies involved in the war effort. It was formed on May 27, 1943 by Executive Order 9347.
The Philippine Executive Commission was a puppet government set up to govern the Philippine archipelago during World War II. It was established with sanction from the occupying Imperial Japanese forces as an interim governing body prior to the establishment of the Japanese-backed, Second Philippine Republic.
The First Labour Government of New Zealand was the government of New Zealand from 1935 to 1949. Responsible for the realisation of a wide range of progressive social reforms during its time in office, it set the tone of New Zealand's economic and welfare policies until the 1980s, establishing a welfare state, a system of Keynesian economic management, and high levels of state intervention. The government came to power towards the end of, and as a result of, the Great Depression of the 1930s, and also governed the country throughout World War II.
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, economic stabilization, and transport operations. It was established in 1950, and for three years was one of the most powerful agencies in the federal government. It merged with other agencies in 1958 to become the Office of Civil and Defense Mobilization (1958–1961).
Roger Lowell Putnam was an American politician and businessman. A member of the prominent Lowell family of Boston, he served as Mayor of Springfield, Massachusetts, from 1937 until 1943, and as director of the Economic Stabilization Administration from 1951 until 1952. During his short tenure in federal office, the nation's steelworkers struck—leading United States President Harry S. Truman to seize the nation's steel mills.
The Wage Stabilization Board (WSB) was an independent agency of the United States government whose function was to make wage control policy recommendations and to implement such wage controls as were approved. There were two agencies with the same name. The first, the National Wage Stabilization Board, was the successor to the National War Labor Board, and existed from January 1, 1946, to February 24, 1947. The second, the Wage Stabilization Board, was a part of the Office of Defense Mobilization and existed from September 9, 1950, to February 6, 1953.
Rent regulation in New York is a means of limiting the amount of rent charged on dwellings. Rent control and rent stabilization are two programs used in parts of New York state. In addition to controlling rent, the system also prescribes rights and obligations for tenants and landlords.
The National Resources Mobilization Act, 1940 was a statute of the Parliament of Canada passed to provide for better planning of a much greater Canadian war effort, both overseas and in military production at home.
The Stabilization Act of 1942, formally entitled "An Act to Amend the Emergency Price Control Act of 1942, to Aid in Preventing Inflation, and for Other Purposes," and sometimes referred to as the "Inflation Control Act", was an act of Congress that amended the Emergency Price Control Act of 1942.
The Emergency Price Control Act of 1942 is a United States statute imposing an economic intervention as restrictive measures to control inflationary spiraling and pricing elasticity of goods and services while providing economic efficiency to support the United States national defense and security. The Act of Congress established the Office of Price Administration (OPA) as a federal independent agency being officially created by Franklin D. Roosevelt on April 11, 1941.
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