Jump to content

Economic Stabilization Agency: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
Scalhotrod (talk | contribs)
18,672 edits
m →‎top: Adding/removing wikilink(s)
m v2.02 - WP:WCW project (Heading should end with "=")
 
(7 intermediate revisions by 5 users not shown)
Line 1: Line 1:
{{one source|date=January 2010}}
{{one source|date=January 2010}}
{{Infobox Government agency
|agency_name = Economic Stabilization Agency
|nativename = ESA
|seal =
|seal_width =
|seal_caption =
|parent_agency = [[Executive Office of the President]]
|formed = September 9, 1950
|dissolved = April 30, 1953
|preceding1= similar agency: [[Office for Emergency Management|Office for Emergency Management (World War II)]]
|superseding1=
|superseding2=
|jurisdiction = [[Federal government of the United States]]
|headquarters = [[Washington, D.C.]]
|employees =
|chief1_name = [[Michael DiSalle]]
|chief2_name = [[Alan Valentine]]
|chief3_name = [[Eric Johnston]]
|chief4_name = [[Roger Putnam]]
|chief1_position = 1950
|chief2_position = 1950–51
|chief3_position = 1951
|chief4_position = 1951–52
|child1_agency = '''Office of Price Stabilization'''
|child2_agency = [[Wage Stabilization Board]]
|child3_agency = [[Salary Stabilization Board]]
|child4_agency = [[Office of Rent Stabilization]]
|child5_agency = [[Railroad and Airline Wage Board]]
|child6_agency = [[National Enforcement Commission]]
|budget =
|website =
|footnotes =
}}

The '''Economic Stabilization Agency (ESA)''' was an [[Government agency|agency]] of the [[United States Government]] that existed from 1950 to 1953.
The '''Economic Stabilization Agency (ESA)''' was an [[Government agency|agency]] of the [[United States Government]] that existed from 1950 to 1953.


The creation of the ESA was authorized by the [[Defense Production Act]] ({{USPL|81|774}}, 64 Stat. 798), which was signed into law by [[President of the United States]] [[Harry S. Truman]] on September 8, 1950.<ref name="archives.gov">[http://www.archives.gov/research/guide-fed-records/groups/296.html General Records of the Economic Stabilization Agency at the National Archives]</ref> 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.<ref name="Choice">"The Defense Production Act: Choice as to Allocations," ''Columbia Law Review,'' March 1951; Lockwood, ''Defense Production Act: Purpose and Scope,'' June 22, 2001.</ref>
The creation of the ESA was authorized by the [[Defense Production Act]] ({{USPL|81|774}}, 64 Stat. 798), which was signed into law by [[President of the United States]] [[Harry S. Truman]] on September 8, 1950.<ref name="archives.gov">[https://www.archives.gov/research/guide-fed-records/groups/296.html General Records of the Economic Stabilization Agency at the National Archives]</ref> 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.<ref name="Choice">"The Defense Production Act: Choice as to Allocations," ''Columbia Law Review,'' March 1951; Lockwood, ''Defense Production Act: Purpose and Scope,'' June 22, 2001.</ref>


On September 9, 1950, President Truman signed the [[Executive order (United States)|Executive Order]] 10161, thus creating the ESA.<ref name="archives.gov"/> The ESA was responsible for imposing [[price ceilings]] and [[wage controls]] on the [[United States economy]].<ref name="archives.gov"/> 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]].<ref name="archives.gov"/>
On September 9, 1950, President Truman signed the [[Executive order (United States)|Executive Order]] 10161, thus creating the ESA.<ref name="archives.gov"/> The ESA was responsible for imposing [[price ceilings]] and [[wage controls]] on the [[United States economy]].<ref name="archives.gov"/> 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]].<ref name="archives.gov"/>
Line 10: Line 44:
==Directors of the ESA==
==Directors of the ESA==


* [[Michael DiSalle]], 1950
* [[Alan Valentine]], 1950–51
* [[Alan Valentine]], 1950–51
* [[Eric Johnston]], 1951
* [[Eric Johnston]], 1951
* [[Roger Putnam]], 1951–52
* [[Roger Putnam]], 1951–52


==References==
==Archives==
* {{cite web|url = https://www.archives.gov/research/guide-fed-records/groups/296.html|title=General Records of the Economic Stabilization Agency at the National Archives}}


==References==
<references/>
<references/>

{{Authority control}}


[[Category:Defunct agencies of the United States government]]
[[Category:Defunct agencies of the United States government]]

Latest revision as of 10:25, 4 June 2020

Economic Stabilization Agency
ESA
Agency overview
FormedSeptember 9, 1950
Preceding agency
DissolvedApril 30, 1953
JurisdictionFederal government of the United States
HeadquartersWashington, D.C.
Agency executives
Parent agencyExecutive Office of the President
Child agencies

The Economic Stabilization Agency (ESA) was an agency of the United States Government that existed from 1950 to 1953.

The creation of the ESA was authorized by the Defense Production Act (Pub. L.Tooltip Public Law (United States) 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 Executive Order 10161, thus creating the ESA.[1] The ESA was responsible for imposing price ceilings and wage controls on 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[edit]

Archives[edit]

  • "General Records of the Economic Stabilization Agency at the National Archives".

References[edit]

  1. ^ a b c d e f General Records of the Economic Stabilization Agency at the National Archives
  2. ^ "The Defense Production Act: Choice as to Allocations," Columbia Law Review, March 1951; Lockwood, Defense Production Act: Purpose and Scope, June 22, 2001.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Economic_Stabilization_Agency&oldid=960688064"