tm logo

Frequently Asked Questions

What was the significance of the National Industry Recovery Act passed in 1933?

The National Industry Recovery Act (NRA) of 1933 was a significant piece of legislation passed during the New Deal era under President Franklin Roosevelt. The Act aimed to stimulate economic recovery during the Great Depression by regulating production, prices, and wages. It sought to establish codes of "fair competition" and set wages and hours in industries that adhered to these codes. Title I of the NRA was particularly noteworthy as it guaranteed the right of employees to collective bargaining without interference or coercion. However, this provision was declared unconstitutional by the U.S. Supreme Court in 1935. Despite this setback, the NRA laid the groundwork for future labor legislation, including the National Labor Relations Act (NLRA) of 1935, also known as the Wagner Act. The NRA was a significant step towards recognizing and protecting the rights of workers in the United States. It aimed to improve working conditions, prevent unfair competition, and promote industrial growth. While the Act was short-lived, its impact was long-lasting. It set a precedent for federal intervention in the economy and labor relations, paving the way for future labor laws and reforms.
Ask us a question

Post us your question and we will get back to you

Need a quick help?

Schedule a call with our attorneys to resolve your queries

Attorney