Admin How did the National Recovery Administration NRA develop fair codes of competition quizlet?
The NRA was created by the National Industrial Recovery Act (NIRA) and allowed industries to get together and write “codes of fair competition.” The codes were intended to reduce “destructive competition” and to help workers by setting minimum wages and maximum weekly hours, as well as minimum prices at which products …
What did the National Recovery Administration do quizlet?
National Recovery Administration. Designed to assist industry, labor, and the unemployed. Intended for industrial recovery and unemployment relief. Long-range recovery was the primary purpose, and they spent over $4 billion on over 34,000 projects; like buildings, highways, dams, and power plants.
What were codes of fair competition?
The NRA allowed industries to get together and write “codes of fair competition.” The codes intended both to reduce “destructive competition” and help workers to set minimum wages and maximum weekly hours, as well as minimum prices at which products could be sold.
How did the National Recovery Administration help?
Congress established the National Recovery Administration (NRA) to help revive industry and labor through rational planning. The NRA also supported workers’ right to join labor unions. The NRA sought to stabilize the economy by ending ruinous competition, overproduction, labor conflicts, and deflating prices.
Why did the Supreme Court declared the NRA unconstitutional in 1935 quizlet?
Why did the Supreme Court declare the NRA unconstitutional in 1935? It reduced the chance that another panic would occur by creating the Federal Deposit Insurance Corporation (FDIC) to insure customer bank accounts up to a certain amount of money.
Which of the following is true of the National Recovery Administration?
All of the following is true about the National Recovery Administration, EXCEPT: It paid farmers to reduce production. Which statement best describes the impact of the Great Depression on traditional values?
Why was NIRA declared unconstitutional?
v. United States, the Supreme Court held the mandatory codes section of NIRA unconstitutional, because it attempted to regulate commerce that was not interstate in character, and that the codes represented an unacceptable delegation of power from the legislature to the executive.
Why did the NIRA fail?
Disputes over the reasons for this failure continue. Among the suggested causes are that the Act promoted economically harmful monopolies, that the Act lacked critical support from the business community, and that it was poorly administered. The Act encouraged union organizing, which led to significant labor unrest.
How many people worked in the National Recovery Administration?
About 23 million people were employed under the NRA codes.