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NIRA: National Industrial Recovery Act
''It constitutes a most important step in our progress towards business rehabilitation.''
-Harry Harriman-
PROS
CONS
In an attempt to recover the economy of the United States after the Great Depression, the National Industrial Recovery Act (NIRA) of 1933 temporarily suspended antitrust laws, established minimum wages, eliminated child labor, maximized working hours, and strengthened labor unions. It created the National Recovery Administration (NRA), who administered the Act and attempted to develop fair competition codes for discrete industries or lines of business. The NIRA also created the Public Works Administration (PWA), which put public works programs under the control of the federal government.
- Established child labor laws - Established minimum wages - Strengthened labor unions - Temporarily suspended anitrust laws
- Eventually found to be unconstitutional - Although allowd for more pay, it increased work hours, creating more demanding jobs - Established more for fixing old iundustries more than creating new ones
It does a great job reforming, and especially recovering fallen industries. While in full effect, it provided as many jobs as possible to those willing to work long hours. For many, working longer hours was not an issue, just as long as they were working and getting paid. It gave workers second chances at companies that were lost, and it began the rebirth of industry.
The NIRA along with the NRA gave Americans hope in the sense that their fortunes were improving. People liked the idea of a steady income and enjoyed the fact that the government was concerned about them getting back to the factories.
The federal energy law following NIRA incorporated many of the same features as the NIRA. This was used in the later part of the depression when the NIRA was found unconstituional. Today, there are still minimum wage and child labor laws. Work hours are also taken account for when discussing salary.
''The most important and far-reaching ever enacted by the American Congress.''
-President Wilson-
