| Summary: | Thesis (M.A.)--Boston University === I. History and Basis of Wage Stabilization
The first effort in the history of this nation to establish a comprehensive wage control program was taken during World War II. It was not,however, until several months after the outbreak of hostilities that the President saw fit to ask Congress for special powers to permit him to initiate a wage control program. During the interim, wages were maintained at a stable level by the appeal of the President to labor and management to hold the line.
Authority to begin the program of wage and price control was given the President in the Emergency Price Control Act of 1942 and subsequently the National War Labor Board was established. The wage control function during World War II was handled by several administrative groups and finally was vested in the National Wage Stabilization Board, whose function concerned the stabilization of wages and salaries and the settlement of certain labor disputes. The war in the Pacific ended with the N.W.S.B. functioning as the single wage stabilization agency. Following a brief transition period all such functions were either terminated or vested in the Secretary of Labor, and the N.W.S.B. was dissolved [TRUNCATED].
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