The Office of Economic Stabilization was established within the United States
Office for Emergency Management
The Office for Emergency Management (OEM) was an office within the Executive Office of the President of the United States, United States President. It was established by administrative order, May 25, 1940, in accordance with executive order Execu ...
on October 3, 1942, pursuant to the
Stabilization Act of 1942, as a means to control
inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reductio ...
during World War II through regulations on price, wage, and salary increases.
Directors
* 1942-1943
James Byrnes
* 1943-1945
Fred M. Vinson
* 1945-1946
William H. Davis
See also
*
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 ...
*
Office of Price Administration
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 (price contr ...
References
Defunct agencies of the United States government
Agencies of the United States government during World War II
Government agencies established in 1942
1942 establishments in the United States
{{US-gov-stub