WORLD WAR I FARMER INCOME SHRANK $1360.00 Average farm income 1919 $460.00 Average farm income 1921 NET FARM OPERATOR INCOME:* 1919 $8,799,000,000 1921 $2,990,000,000 * After payment of property taxes and all other operating costs WORLD Congress this time decided that such punishing blows of inflation and deflation should not be repeated. It passed the Emergency Price Control Act, January 30, 1942. OPA To OPA was given the responsibility..... - for the fair distribution of scarce commodities - for holding down living costs - for preventing rising rents for keeping down war costs by holding down the prices of war The following chart shows the source of OPA powers over rationing and price control. |