# Economic Stabilization Agency
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> Source: https://en.wikipedia.org/wiki/Economic_Stabilization_Agency
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{{short description|American government agency}}
{{one source|date=January 2010}}
{{Use American English|date=February 2026}}
{{Use mdy dates|date=February 2026}}
{{Infobox Government agency
|agency_name = Economic Stabilization Agency
|nativename = ESA
|seal =
|seal_width =
|seal_caption =
|parent_agency = [Executive Office of the President](/source/Executive_Office_of_the_President)
|formed = September 9, 1950
|dissolved = April 30, 1953
|preceding1= similar agency: [Office for Emergency Management (World War II)](/source/Office_for_Emergency_Management)
|superseding1=
|superseding2=
|jurisdiction = [Federal government of the United States](/source/Federal_government_of_the_United_States)
|headquarters = [Washington, D.C.](/source/Washington%2C_D.C.)
|employees =
|chief1_name = [Michael DiSalle](/source/Michael_DiSalle)
|chief2_name = [Alan Valentine](/source/Alan_Valentine)
|chief3_name = [Eric Johnston](/source/Eric_Johnston)
|chief4_name = [Roger Putnam](/source/Roger_Putnam)
|chief1_position = 1950
|chief2_position = 1950–51
|chief3_position = 1951
|chief4_position = 1951–52
|child1_agency = '''Office of Price Stabilization'''
|child2_agency = [Wage Stabilization Board](/source/Wage_Stabilization_Board)
|child3_agency = [Salary Stabilization Board](/source/Salary_Stabilization_Board)
|child4_agency = [Office of Rent Stabilization](/source/Office_of_Rent_Stabilization)
|child5_agency = [Railroad and Airline Wage Board](/source/Railroad_and_Airline_Wage_Board)
|child6_agency = [National Enforcement Commission](/source/National_Enforcement_Commission)
|budget =
|website =
|footnotes =
}}
The '''Economic Stabilization Agency (ESA)''' was an [agency](/source/Government_agency) of the [United States Government](/source/United_States_Government) that existed from 1950 to 1953.
The creation of the ESA was authorized by the [Defense Production Act](/source/Defense_Production_Act) ({{USPL|81|774}}, 64 Stat. 798), which was signed into law by [President of the United States](/source/President_of_the_United_States) [Harry S. Truman](/source/Harry_S._Truman) on September 8, 1950.[[https://www.archives.gov/research/guide-fed-records/groups/296.html General Records of the Economic Stabilization Agency at the National Archives]] The Defense Production Act was passed in response to the start of the [Korean War](/source/Korean_War) and authorized the President to control the civilian economy so that scarce and/or critical materials necessary to the national defense effort are available for defense needs.["The Defense Production Act: Choice as to Allocations," ''Columbia Law Review,'' March 1951; Lockwood, ''Defense Production Act: Purpose and Scope,'' June 22, 2001.]
On September 9, 1950, President Truman signed the [Executive Order](/source/Executive_order_(United_States)) 10161, thus creating the ESA.