OPA Is Formed
On this day in 1941 the Office of Price Administration (OPA) is formed by an executive order from President Roosevelt. The OPA was formed to combat the problems of higher prices caused by World War II. The OPA regulated rationing programs throughout the country and issued coupon books on the goods that were in high demand. This program didn't last long after the war however; big business and farmers both bristled at its imposed regulations on their products. Soon after the election of 1946 the OPA was relieved of its duty.