The National Industrial Recovery Act of 1933.

Parts of the National Industrial Recovery Act were ruled unconstitutional due to the fact that the act ceded too much power to the executive branch. The act was passed in 1933.

The National Industrial Recovery Act of 1933 authorized the President to intervene on industrial policies and operations. The president would approve off prices increases after deflation in order to bolster economic growth.

It was created by the National Industrial Recovery Act in June 1933 in response to the Great Depression in the United States.

Guaranteeing fair business practices for everyone best describes the purpose of the National Industrial Recovery Act.