Price-Controls

Price Controls End After Corporate Decontrol Campaign, Inflation Spikes

1946-11-09 00:00:00 +0000 UTC | Importance: 7/10

The Office of Price Administration effectively ends on November 9, 1946, when President Truman removes controls on most consumer goods following intense corporate lobbying and deliberate business disruption. The premature decontrol triggers an immediate inflationary spike that harms consumers while …

Office of Price Administration Harry Truman National Association of Manufacturers U.S. Chamber of Commerce Congress +1 more deregulation corporate-influence inflation price-controls consumer-exploitation