The Office of Price Administration and Civilian Supply was established by Presidential Executive Order 8734 on April 11, 1941, in an effort to control inflation. The civilian supply function of the agency was transferred to the Office of Production Management in August of 1941 and the name was shortened to the Office of Price Administration (OPA). The Emergency Price Control Act (January 30, 1942) established the purposes of the agency as follows: to stabilize prices and rents and prevent unwarranted increases in them; to prevent profiteering, hoarding and speculation; to assure that defense appropriations were not dissipated by excessive prices; to protect those with fixed incomes from undue impairment of their living standards; to assist ...