Answer:
Wage and price controls were initiated by the U.S. government in 1942, in order to help win World War II (1939–1945), and maintain the general quality of life on the home front. The mission of the OPA was to prevent profiteering and inflation as durable goods became scarcer in the United States because of the war.
During World War II, price controls were used in an attempt to control wartime inflation. The Franklin Roosevelt Administration instituted the OPA (Office of Price Administration). That agency was rather unpopular with business interests and was phased out as quickly as possible after peace had been restored.
Price controls can be both good and bad. They help make certain goods and services, such as food and housing, more affordable and within reach of consumers. They can also help corporations by eliminating monopolies and opening up the market to more competition.
Despite efforts of the National War Labor Board, the shortage of labor during World War II caused sharp increases in wages. Average hourly earnings of production and nonsupervisory workers in manufacturing more than doubled between 1940 and 1949, with the largest increases during the war years, 1940-44.
25 cents per hour
Administered by the Department of Labor, the Act set a minimum wage of 25 cents per hour and a maximum workweek of 40 hours (to be phased in by 1940) for most workers in manufacturing.
You lost power because:
1. There was construction in your neighborhood
2. A spark blew
3. There was a storm
4. A tree fell
5. A car crashed
6. A wild animal did it
Explanation:
Stalin's First Five-Year Plan, adopted by the party in 1928, called for rapid industrialization of the economy, with an emphasis on heavy industry. It set goals that were unrealistic—a 250 percent increase in overall industrial development and a 330 percent expansion in heavy industry alone.
Slavery, the south's lack of representation, and taxation without representation
Answer:
The New York banker pushed the limits when he exchanged his mansion for a Cartier necklace valued at $1 million in 1917 which he gave to his young wife. While this was a great show of love, it was, in the economic sense, a very bad investment as not too long afterward, the cost of pearls would fall and after the death of Plank’s wife, the gift would go for a paltry $150,000.
