Practice Quiz

CLEP US History II

Category - Economic Development

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What agency or office was responsible for regulating prices and rationing certain consumer items during World War II?
  1. War Production Board
  2. Office of Price Administration
  3. Works Progress Administration
  4. Price Stabilization Commission
  5. Resource Regulatory Board
Explanation
Answer: B - The Office of Price Administration guarded the American consumer against inflation and price gouging during World War II, as incomes increased and resources remained in limited supply. They regulated the rates on rental homes and commercial locations and rationed everyday consumer goods in short supply, like butter and sugar.
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