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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 controls ) and rents after the outbreak of World War II .
The Economic Stabilization Act of 1970 (Title II of Pub. L. 91–379, 84 Stat. 799, enacted August 15, 1970, [2] formerly codified at 12 U.S.C. § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers [3] as part of a general program of price controls within the American domestic goods and labor ...
The Office of Price Administration (OPA) warned Americans of potential gasoline, steel, aluminum, and electricity shortages. [6] It believed that with factories converting to military production and consuming many critical supplies, rationing would become necessary if the country entered the war.
The Act of Congress established the Office of Price Administration (OPA) as a federal independent agency being officially created by Franklin D. Roosevelt on April 11, 1941. [ 1 ] The H.R. 5990 legislation was passed by the 77th U.S. Congressional session and enacted into law by Franklin D. Roosevelt on January 30, 1942.
Aviation pioneer Glenn Curtiss retired from aircraft development and manufacturing in the 1920s and became a real estate developer in Florida. In 1926, he founded the city of Opa-locka, naming it Opa-tisha-woka-locka (quickly shortened to Opa-locka), a Native American name that translates into the high land north of the little river with a camping place.
Under OPA, the responsible parties are mandated to provide evidence declaring financial responsibility of $150 million for potential liability. If a party is unable to provide evidence declaring financial responsibility of $150 million, they will be subject to pay a penalty of $25,000 per day in violation of OPA and may also be subject to ...
On December 31, Truman named a steel fact finding board in hopes of resolving the dispute. He also ordered the Office of Price Administration (OPA) to determine if increases in steel prices would be justified by February 1, 1946. The fact finding board was expected to finish its report by February 10.
Opa (Swedish band), a pop/folk band formed in 2012; Opa (Uruguayan band), a 1969-1977 US-based jazz fusion group "Opa" (song), by Giorgos Alkaios, representing Greece at Eurovision 2010 "Opa Opa", a 1992 song by Notis Sfakianakis; covered by Antique (1999) and Despina Vandi (2004) Opa Opa, or Mera Me Ti Mera, by Antique, 1999