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The Mystery of Inflation (2022)
Throughline
The War on Inflation
The Office of Price Administration was established in 1941 by President Roosevelt's administration. The OPA created set prices for everyday items from nylon stockings, 125 a pair, to milk, 15 cents a quart,. To eggs, 61 cents a dozen. Inflation is caused when people with plenty of cash start bidding against each other for scarce goods and the price goes up.
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