Office of Price Administration (OPA)

The Office of Price Administration (OPA) was a U.S. government agency established during World War II to control inflation and ensure essential goods remained available. It limited price increases, prevented excessive profit-taking, and rationed items like rubber, gasoline, and food to support the war effort. By regulating prices and allocating scarce resources, the OPA helped stabilize the economy during a time of national crisis, balancing consumer needs with wartime production demands.