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The National Industrial Recovery Act (NIRA)

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The National Industrial Recovery Act (NIRA), was one of President Franklin Roosevelt’s New Deal policies. This was the most complicated legislature that had ever been submitted up until that point in time. The NIRA established the National Recovery Act (NRA), which had each industry draft codes for fair competition on the notion that ruthless competition was destructive to the economy. The law also protected union’s rights of collective bargaining. The NRA banned child labor, and established maximum hours and minimum wages along with requiring collective bargaining. The NIRA also established the Public Works Administration (PWA), which a budget of $3.3 billion to employ skilled workers hired by private contractors. The PWA built 70 percent...

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