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 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 ...

, 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 reduct ...

during World War II through regulations on price, wage, and salary increases.

Directors

* 1942-1943 James Byrnes * 1943-1945

Fred M. Vinson Frederick "Fred" Moore Vinson (January 22, 1890 – September 8, 1953) was an American attorney and politician who served as the 13th chief justice of the United States from 1946 until his death in 1953. Vinson was one of the few Americans to ...

* 1945-1946 William H. Davis

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

Directors

See also

References