write a note on national industrial recovery act?
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In 1933 during the Great Depression as part of President Franklin D. Roosevelt's New Deal the United States Congress passed the National Industrial Recovery Act (NIRA) It authorized the President to regulate industry. It was an attempt to raise the prices after severe deflation. It also aimed at economic recovery.
A national public works program was established. It was known as the Public Works Administration. The National Recovery Administration was welcomed in 1933, but slowly its importance reduced. By March 1934 it was engaged mainly in drawing up industrial codes for all industries to adopt
In 1935 the Supreme Court declared that the NIRA was unconstitutional
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