Get Office of Price Administration essential facts below. View Videos or join the Office of Price Administration discussion. Add Office of Price Administration to your PopFlock.com topic list for future reference or share this resource on social media.
President Franklin D. Roosevelt revived the Advisory Commission to World War II 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 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
The OPA unsuccessfully tried to revoke the car dealer license of unorthodox businessman Madman Muntz for violating used car regulations, subject to price control. Muntz was acquitted in Los Angeles Superior Court on 1 August 1945.
OPA points are small vulcanized fibre red and blue rationtokens issued during World War II to make change for ration coupons. Approximately 1.1 billion red and 0.9 billion blue were produced, and even though many were collected and destroyed after the war, they are still quite common today. The red OPA points are a bit more common than the blue. Each token has two letters on it, and some people collect them by letter combination.