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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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ReneNIRA 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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What was the immediate purpose of the NIRA?
The immediate purpose of the National Industrial Recovery Act (NIRA), enacted in 1933, was to stimulate the economy during the Great Depression by promoting industrial growth and improving labor conditions. It aimed to establish fair competition by setting codes of conduct for industries, which included regulations on wages, prices, and working hours. Additionally, the NIRA sought to enhance workers' rights, particularly by encouraging collective bargaining and unionization. Overall, it was designed to foster economic recovery and stabilize the labor market.
What program did the NIRA create?
National Recovery Administration (I think)
How successful was the NIRA?
Very because it crreated many jobs for unemplloyed workers
What Established codes of fair practice for industry?
National Industrial Recovery Act. ( NIRA )
When did Hitler come to powe in Germany?
Adolf Hitler became chancellor of Germany in January 1933.
