The creation of the ESA was authorized by the Defense Production Act (Pub.
798), which was signed into law by President of the United States Harry S. Truman on September 8, 1950.
[2] On September 9, 1950, President Truman signed the Executive Order 10161, thus creating the ESA.
[1] The ESA was responsible for imposing price ceilings and wage controls on the United States economy.
[1] The price control provisions of the Defense Production Act expired in 1953, so, on February 6, 1953, President Eisenhower signed Executive Order 10434 abolishing the ESA effective April 30, 1953.