Something that I thought was interesting in Ch. 15:National Industrial Recovery Act (NIRA)Definition:The National Industrial Recovery Act- provided money to states to create jobs chiefly in the construction of schools and other community buildings.The National Industrial Recovery Act (NIRA) supervised and regulated fair trade and guaranteed workers a right to negotiations with the union and management. The NIRA was enacted by Congress in June 1933 and was part of president FDR’s New Deal program. FDR thought that this act would help stimulate the U.S. economy during the Great Depression. The NIRA usually enforced and supported the alliance of industries during the Great Depression. This Act banned antitrust laws and forced companies to write “codes of fair competition” that would effectively fixed people’s wages and the prices that they charges for goods and services. People got paid at a regulated price for the first time ever.The NIRA called for further self-regulation and called for the fair competition among businesses in the same industries. Employees were given the right to organize and bargain with employers to try and get better wages and working conditions during the Great Depression. The NIRA was placed in for final approval by President Roosevelt. President Roosevelt placed Hugh S. Johnson as the administrator of the Industrial Recovery. The Administration began to regulate wages and working conditions. This helped to stimulate the U.S. economy and made it so that people could afford things because the NIRA raised prices on goods and services and raised the wages people were paid during the Great Depression.The NIRA helped businesses set up goals and helped them set up regulations for their business alone and also helped set up more than 500 codes for each business to follow during the Great Depression. Congress insisted that the NIRA would enforce prices and regulate and also enforce all codes for businesses that they came up with. A few intellectuals wanted even government regulation along with the NIRA. The codes that thy used did little to help with the U.S. recovery and by raising prices on goods and services actually hurt the U.S. economy. Under most speculation the NIRA did not last long enough to enforce all the codes that they put into place during the Great Depression.Pictures:
Source:- http://www.ourdocuments.gov/doc.php?flash=true&doc=66Personal thoughts and opinions:I think that the NIRA could have been a lot better if they raised employee wages by ten to twenty percent and then have to raise many prices on goods and services. I think that the NIRA caused the U.S. economy to become ever worse.
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