Word: decontrol
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Dates: during 1940-1949
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...called for a three-man Price Decontrol Board with the power to override OPA and cancel price regulations on any commodity. As a kicker, the Secretary of Agriculture could increase the price of farm products without consulting OPA. Under these terms, a clause extending OPA until June 30, 1947, was an invitation to its own wake...
Most enlightened businessmen wanted OPA rules and practices altered in such a way that production will be helped, not hindered. They wanted OPA to decontrol as rapidly as possible-but wanted OPA control until production meets demand...
...most extensive decontrol action yet taken, OPA suspended ceilings on: 1) $3,000,000,000 worth of industrial equipment out of some $15,000,000,000 to be produced this year; 2) several hundred consumer items of minor importance to the cost of living. Examples: fly swatters, locomotives, subway cars, flowerpots, turbines, soda fountains, dredges, cuff buttons, gaskets (a misprint in the Associated Press story touched off premature celebrations by U.S. casket makers...
...West Coast, juke boxes jumped from $325 to $575 apiece in 24
hours.