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National Industrial Recovery Act of 1933: 1Established the National Recovery Administration to oversee the regulation of the economy. The act was designed to allow buisnesses to set their own standards of production, prices, and wages. However in return businesses had to agree to sanction Labor Unions. It also guaranteed collective bargaining rights to the workers. 1 Created Equal, A History of the United States Volume II, 3rd ed., pp 697,698. Jones, Wood, Borstelmann, May and Ruiz. Pearson Longman publishers.

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15y ago
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11y ago

NIRA stands for National Industrial Recovery Act, and was put into action by Franklin Roosevelt in 1933. It was a law passed allowing the president to regulate industries and control monopolies (formerly illegal), but only for the purpose of stimulating a failing economy. This was especially important in order for the country to get back on its feet after the 1929 stock market crash.

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Q: What did the NIRA of 1933 do?
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What is the NIRA?

NIRA is also known as the National Industrial Recovery Act. It is a law that was passed by the United States Congress in 1933 which gives the President authority to regulate industry to try to raise prices after severe deflation to be able to help the economy recover.


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NIRA gave to much power to who?

the Executive branch of Goverment.


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How successful was the NIRA?

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