Rationing in the United States Book Number One, or the "Sugar Book"—on 4 May 1942, through more than 100,000 schoolteachers, PTA groups, and other volunteers. A national speed limit of was imposed to save fuel and rubber for tires. Later that month volunteers again helped distribute gasoline cards in 17 Atlantic and Pacific Northwest states. To get a classification and rationing stamps, one had to appear before a local War Price and Rationing Board which reported to the OPA (which was jokingly said to stand for "Only a Puny A-card"). Each person in a household received a ration book, including babies and small children who
Credit rationing mechanism of monetary policy. Drawing on the famous Oxford surveys of businessmen in the 1930s he argued that it was likely that changes in the interest rate did not have a substantial effect on investment decisions. Harrod went on to argue that the main channel through which interest rates curtailed economic activity was through the process of what is now known as credit rationing. He wrote that: "It is essentially the imperfection of the capital market that makes monetary policy a powerful weapon." Credit rationing Credit rationing is the limiting by lenders of the supply of additional credit to borrowers