Difference between revisions of "National Recovery Administration"
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| − | The '''National Recovery Administration''', or '''NRA''', was | + | The '''National Recovery Administration''', or '''NRA''', was a [[New Deal]] agency created in 1933 to promote recovery from the [[Great Depression]]. The NRA was one of several organizations formed by the [[National Industrial Recovery Act]]. The NRA had four objectives: to spread work evenly among people; to raise prices and wages, thereby increasing purchasing power; to stop unfair trade practices and limit cutthroat competition; and to eliminate child labor. |
| − | The NRA quickly | + | The NRA quickly brought business leaders to Washington from each industry, and they wrote "fair competition" codes for that industry. After an initial wave of public support, NRA bogged down. On May 27, 1934, in [[Schechter Poultry Corp. v. United States]], the Supreme Court handed down a decision that invalidated the NIRA law because it authorized the NRA to make laws, which only Congress can do. The NRA was never revived, and historians generally agree it was a failure. |
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| + | ==Further reading== | ||
| + | * Bernard Bellush, ''The Failure of the NRA'' (1975) a standard account by a leading scholar | ||
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| + | [[Category:United States History]] | ||
Revision as of 00:19, December 2, 2008
The National Recovery Administration, or NRA, was a New Deal agency created in 1933 to promote recovery from the Great Depression. The NRA was one of several organizations formed by the National Industrial Recovery Act. The NRA had four objectives: to spread work evenly among people; to raise prices and wages, thereby increasing purchasing power; to stop unfair trade practices and limit cutthroat competition; and to eliminate child labor.
The NRA quickly brought business leaders to Washington from each industry, and they wrote "fair competition" codes for that industry. After an initial wave of public support, NRA bogged down. On May 27, 1934, in Schechter Poultry Corp. v. United States, the Supreme Court handed down a decision that invalidated the NIRA law because it authorized the NRA to make laws, which only Congress can do. The NRA was never revived, and historians generally agree it was a failure.
Further reading
- Bernard Bellush, The Failure of the NRA (1975) a standard account by a leading scholar