Word: decontrol
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Dates: during 1940-1949
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...blurred, easy voice, Decontrol Board Chairman Roy Thompson let the big price secret out through the nation's radios. Livestock, meat, soybeans, cottonseed, flaxseed and their by-products would go back under controls on a date to be fixed by the OPA. Dairy products and most grains would not. "I expect," concluded Chairman Thompson, red-eyed from weariness, "that we are going to hear plenty of criticism...
...opinion, meat, soybeans, cottonseed etc. had qualified for a return to price ceilings on every count during the price-free period (July 1 to Aug. 20). Milk prices had risen less. That was all there was to it. Gratefully, the Board moved off the griddle to await the decontrol questions that would be passed up from the Agriculture Department and OPA, and to keep its price-eye on the free-wheeling dairy folk. Congress, and supposedly the people, had got what they asked for. The country was a step toward a free market, but it was a hesitant, tentative step...
Nobody was very much surprised when the Price Decontrol Board ordered a restoration of ceilings on meat, left grains free (see NATIONAL AFFAIRS). But hog and cattle producers had expected the ceilings to be clamped on immediately. On the day after issuance of the restoration order, receipts at major markets fell to record lows...
...third corner of the capital, labor began to build its fires. With one eye on the Decontrol Board hearings, 300 top C.I.O. leaders staged a strategy meeting, agreed to make a show of suffering patience before blowing the lid again on U.S. industry...
...policy: 1) press the fight for price control for another 30 days, 2) if prices continued to rise, reopen wage clauses on a national scale. Then Walter Reuther, obviously hoping that the Decontrol Board was listening, threatened to reopen the Chrysler contract...