I had the NRA.
The National Recovery Association (NRA) was an administrative bureau created under the National Industrial Recovery Act of 1933. It was the primary New Deal agency in 1933. The goal was to eliminate "cut-throat competition" by bringing industry, labor and government together. The NRA was created by the National Industrial Recovery Act (NIRA). Through government intervention they tried to balance the needs in the economy. The NRA was thought to have represented a political exchange where business' gave up the their rights over employees.
The National Recovery Administration (NRA) was set up to enforce the NIRA. The NRA is generally judged to have been a success for labor and a miserable failure for business. The people were getting jobs but the business owners weren't able to keep up with the business. However, evaluation is complicated to the extent that labor could not have achieved gains with respect to collective bargaining rights over wages and working conditions. It allowed industry to write its own codes of fair competition but at the same time provided special safeguards for labor.
The early New Deal suspension of antitrust law under the National Recovery Administration (NRA) is one of the oddest episodes in American economic history. In two years the NRA oversaw the development of "codes of fair competition" covering the larger part of the business landscape. The National Industrial Recovery Act (NIRA) was passed in response to the unemployment and poverty that swept the nation. It provided for the establishment of local codes for fair competition in industry. The codes were written by private trade and industrial groups.
First Roosevelt tried to stimulate the economy through the NRA, charged with establishing minimum wages and codes of fair competition in every industry. The economy was falling and people were getting jobs but the businesses were going bankrupt. It was based on the idea of spreading work and reducing unfair competitive practices of cooperation in industry, to stabilize production and prevent price slashing. This approach was abandoned after the Supreme Court declared the NRA unconstitutional in Schechter Poultry Corporation v. United States. The Live Poultry Code, written and promulgated by the Roosevelt administration in 1934, a law passed by Congress to regulate companies as a means to combat the Great Depression.
The NRA administered the code-writing process and the enforcing of 541 approved codes. Through intense publicity campaigns consumers were encouraged to do business with companies that displayed the Blue Eagle as a sign of their cooperation with the NRA. The Blue Eagle was a symbol used in the United States by companies to show compliance with the NIRA. It was proclaimed the symbol of industrial recovery on July 20,1933 by Hugh Samuel Johnson. Hugh Samuel John was the first head of the NRA. Some businesses hung up the signs of the NRA with the Blue Eagle in their store windows to show their support.
http://digital.library.okstate.edu/encyclopedia/entries/N/NA011.html
http://eh.net/encyclopedia/article/alexander.nra
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