U.S. President Franklin D. Roosevelt took decisive action to address inflation while the country was deeply engaged in World War II. The escalating war effort necessitated increased production and mobilization of labor, which, in turn, strained the economy, leading to rising prices and costs of living. In response, Roosevelt announced a series of controls intended to freeze wages and prices, effectively preventing businesses from raising costs amid growing demand for wartime goods. This was part of broader efforts to stabilize the economy and support the war effort by ensuring that resources were distributed fairly and effectively.

Additionally, the controls included significant restrictions on labor mobility. Workers were prohibited from changing jobs unless such a move was deemed necessary for the war effort, which aimed to keep critical labor in vital industries. By maintaining a stable workforce in critical sectors, the administration hoped to minimize disruptions in production and optimize the operational capabilities needed for victory in the war. Moreover, the regulation extended to public utilities and common carriers, barring them from increasing rates during this tumultuous period.

The program represented a shift in government policy toward direct economic intervention, setting a precedent for future economic controls in American history. These actions were met with mixed reactions. While some workers and businesses struggled under the constraints, others acknowledged the necessity of such measures in a time of global conflict. Roosevelt's strategy not only aimed to control inflation but also to promote unity and coherence within the economy to support the overarching goal of winning the war.