The objectives of the Surplus Assets Act were not limited to the allocation of surplus assets; These include the restoration of an independent business, the strengthening of the competitive position of new and small entrepreneurs and family farmers, and the widespread use of public property. [3] Property that the state does not need is considered surplus. Personal property includes assets ranging from regular office equipment and furniture to selected products such as scientific equipment, heavy machinery, aircraft, ships and vehicles. If this property cannot be donated to a public or public agency or a non-profit organization, it is sold to the general public. You can acquire surplus government property through the GSA AuctionsSM website. The site offers the general public the opportunity to offer a wide range of federal funds electronically. Auctions are fully available on the web, so all registered participants can provide on one or more items (Lots) within a specified time frame. Visit GSA AuctionsSM for more information. President Franklin D. Roosevelt`s economic adviser, Bernard Baruch, initially recommended that the United States get rid of the surpluses of war through an agency run by a single administrator (and supported by a political body) and a general legal authority. [4] By executive order,[5] Roosevelt founded the Surplus War Property Administration and appointed him civil servant and former Texas cotton broker William L. Clayton. [6] However, in the legislation, Congress rejected this approach and introduced a three-member board of directors with considerably limited authority.

[7] President Roosevelt signed the law “with great restraint” because of the risk that “confused methods of disposition and sophisticated restrictions imposed by law” “clearly delay the tipping and re-employment rather than accelerate it.” [8] [7] The Board of Directors was also placed under the Office of War Mobilization and Reconversion. [9] The history of the U.S. army surplus dates back to the American Civil War. [2] This was the first major American war that required appropriate military uniforms for many troops. [Citation required] In previous wars, most of the troops were in fact a militia that carried everything they had on them. This required mass-produced supports and arms for both parties. After the war, they sold the groceries in the stores to get some money back. This is how the military attic was born.

Years of rationing in the war had created accumulated demand for many types of assets that the government had accumulated. [7] This demand has been exacerbated by the return of millions of veterans to civilian life. But the political responsibilities of the Board of Directors have been made difficult by the potential effects of the simultaneous sale of too many surplus properties at reduced prices. The amount of surplus goods was such that private producers feared that, once put up for sale, they would harm domestic markets for privately produced goods and exacerbate a post-war recession. [19] [3] The House responded by pledging not to sell more than the market could absorb and by relying on sales to new foreign buyers to open new markets to American products. [19] Military surpluses are goods, usually equipment, that are sold or otherwise disposed of when they are no longer needed by the military. Contractors often buy these goods and resell them in excess transactions. Generally, goods sold by the military are clothing, equipment and tools of a species generally useful to the civilian population, as well as embroidered patches, badges and other items that can be used for a fake military uniform.