National Recovery Administration


National Recovery Administration

▪ United States history
 U.S. government agency established by President Franklin D. Roosevelt to stimulate business recovery through fair-practice codes during the Great Depression. The NRA was an essential element in the National Industrial Recovery Act (June 1933), which authorized the president to institute industry-wide codes intended to eliminate unfair trade practices, reduce unemployment, establish minimum wages and maximum hours, and guarantee the right of labour to bargain collectively.

      The agency ultimately established 557 basic codes and 208 supplementary codes that affected about 22 million workers. Companies that subscribed to the NRA codes were allowed to display a Blue Eagle emblem, symbolic of cooperation with the NRA. Although the codes were hastily drawn and overly complicated and reflected the interests of big business at the expense of the consumer and small businessman, they nevertheless did improve labour conditions in some industries and also aided the unionization movement. The NRA ended when it was invalidated by the Supreme Court in 1935, but many of its provisions were included in subsequent legislation.

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Universalium. 2010.

Look at other dictionaries:

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