Office of Economic Stabilization

The Office of Economic Stabilization was a U.S. government office established during economic crises, such as the Great Depression or financial downturns, to manage and implement policies aimed at stabilizing the economy. Its main responsibilities included controlling inflation, regulating prices, and supporting employment through various measures. By coordinating with other government agencies and financial institutions, the office aimed to restore confidence and promote economic recovery, ensuring a balanced approach to prevent economic collapse and protect jobs and businesses during tough economic times.