Economic policy

A candid photo of Office of Economic Stabilization Director Chester Bowles taken at his press conference speaking in favor of the Office of Price Administration. This photo is similar to photos 99-98, 99-99, and 99-100. From: Beth Gore.

A candid photo of Office of Economic Stabilization Director Chester Bowles taken at his press conference where he spoke in favor of the Office of Price Administration. This photo is similar to photos 99-98, 99-99, and 99-100. From: Beth Gore.

Photo taken at the State Department where representatives of England and the United States were holding discussions on economic problems. Left to right: Leo T. Crowley, Foreign Economic Administration head; the Earl of Halifax, Ambassador to the United States from Great Britain; Assistant Secretary of State Will Clayton; Lord John Maynard Keynes, Economic Advisor to the British Treasury; and Secretary of Commerce Henry A. Wallace. From: Beth Gore.

President Truman appointed General Philip B. Fleming to head a new agency which will be known as the Office of Temporary Controls. The order consolidates the Office of War Mobilization and Reconversion, the Office of Price Administration, the Civilian Production Administration, and the Office of Economic Stabilization into the new agency. From: Beth Gore

Informal photo of Maj. Gen. Philip B. Fleming, who was named to head the new Office of Temporary Controls. From: Beth Gore

Marriner S. Eccles, Chairman of the Board of Governors of the Federal Reserve System, indicated that tax reductions would be a "tragic error." He told the Senate Banking Committee while testifying on the British loan that such action would increase the problem of inflation and decrease chances of balancing the Federal budget. From: Beth Gore.

Portrait of Michael Vincent Di Salle, Director of the Office of Price Stabilization, 1950-52, and Administrator, Economic Stabilization Agency, 1952. From: Beth Gore.

William H. Davis, who recently succeeded Fred M. Vinson as Director of Economic Stabilization. Davis was formerly Chairman of the War Labor Board. From: Beth Gore.

William H. Davis, who succeeds Fred M. Vinson as Director of Economic Stabilization, is administered the oath of office by Associate Supreme Court Justice William O. Douglas. From: Beth Gore.

Office of Economic Stabilization Director William H. Davis, also former head of the War Labor Board, telling Congress that "settlement of labor disputes by government is destructive of all the creative values of collective bargaining." Compulsion, Davis said, should be used only in war time or in peace time cases involving public utilities. From: Beth Gore.