CHRONOLOGY August 15 -Economic Stabilization Act of 1970 passed. HC106 .6 March 29 -Executive Order 11588 issued establishing the Construction 1974 ✓.2 August 15 -Freeze I regulations announced and effective; Cost of Living October 7 -Phase II announced; Cost of Living Council continued, Price November 13-Phase II regulations effective. December 22-Economic Stabilization Act Amendments of 1971 passed with more detailed standards and an extension of the expiration date to April 30, 1973. March 23 -Pay Board reconstituted after walk-off of the labor members. January 11 -Phase III announced and regulations effective; Cost of Living March 6 March 29 April 30 May 2 June 13 July 18 July 19 August 12 August 19 -Recontrol of the Petroleum industry. -Ceiling imposed on prices for red meat. -Extension of Economic Stabilization Act to April 30, 1974. -Freeze II regulations announced and effective. -Stage A of the food regulations effective-raw agricultural -Phase IV regulations issued for public comment. -Phase IV regulations effective except for petroleum and food. September 7-Retail portion of petroleum regulations effective. September 10-Stage B of the food regulations effective-termination of ceiling on prices for red meat. October 25 -Sector-by-sector decontrol begins with exemption of fertilizer. December 26-Delegation of price stabilization authority with respect to petroleum products and crude oil to the Administrator, Federal Energy Office. April 30 -Expiration of the Economic Stabilization Act, ending author- DOCUMENTS |