National Industrial Recovery Act

The United States National Industrial Recovery Act (NIRA) of June 16, 1933 established codes of fair competition aimed at supporting prices and wages and stimulating economic revival from the Great Depression. The law created a National Recovery Administration (NRA) to promote compliance on the part of corporations. Firms which voluntarily complied could display the Blue Eagle. The NIRA also helped create jobs for unemployed workers.

Related Topics:
United States - June 16 - 1933 - Great Depression - National Recovery Administration

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The NIRA found strong support among the heads of industry. Gerald Swope, head of General Electric, was one of the first champions of this legislation, which legalized cartels and provided for more public works.

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The NIRA was overturned on May 27, 1935 when the Supreme Court of the United States ruled in the case A.L.A. Schechter Poultry Corp. v. United States (295 U.S. 495) (sometimes called the "sick chicken" case) that the Act infringed upon states' authority, unreasonably stretched the Commerce Clause, and gave legislative powers to the executive branch.

Related Topics:
May 27 - 1935 - A.L.A. Schechter Poultry Corp. v. United States - Commerce Clause

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Section 7a dealt with labor issues and later found its way into the Wagner Act

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(reminder-use more than one source)

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