Economic Stabilization Agency
 | This article relies largely or entirely on a single source. (January 2010) |
| ESA | |
| Agency overview | |
|---|---|
| Formed | September 9, 1950 |
| Preceding agency |
|
| Child agencies | |
The Economic Stabilization Agency (ESA) was an
United States Government
that existed from 1950 to 1953.
The creation of the ESA was authorized by the
Pub. L. 81–774, 64 Stat. 798), which was signed into law by President of the United States Harry S. Truman on September 8, 1950.[1] The Defense Production Act was passed in response to the start of the Korean War and authorized the President to control the civilian economy so that scarce and/or critical materials necessary to the national defense effort are available for defense needs.[2]
On September 9, 1950, President Truman signed the
United States economy.[1] In this capacity, the ESA was responsible for supervising the Office of Price Stabilization, the Wage Stabilization Board, the Salary Stabilization Board, the Office of Rent Stabilization, the Railroad and Airline Wage Board, and the National Enforcement Commission.[1]
The price control provisions of the Defense Production Act expired in 1953, so, on February 6, 1953, President Eisenhower signed Executive Order 10434 abolishing the ESA effective April 30, 1953.[1] Executive Order 10480, signed August 14, 1953, ordered the liquidation of the ESA, and this was complete by October 31, 1953.[1]
Directors of the ESA
- Michael DiSalle, 1950
- Alan Valentine, 1950–51
- Eric Johnston, 1951
- Roger Putnam, 1951–52
Archives
References
| International | |
|---|---|
| National | |
