Recovery from WWII
Guaranteeing fair business practices for everyone best describes the purpose of the National Industrial Recovery Act.
The National Industrial Recovery Act (NIRA), officially known as the Act of June 16, 1933 (Ch. 90, 48 Stat. 195, formerly codified at 15 U.S.C. sec. 703), was an American statute which authorized the President of the United States to regulate industry and permit cartels and monopolies in an attempt to stimulate economic recovery, and established a national public works program.
To Guarantee Fair Business Practices For Everyone
The immediate purpose of the National Industrial Recovery Act (NIRA), enacted in 1933, was to stimulate the economy during the Great Depression by promoting industrial growth and improving labor conditions. It aimed to establish fair competition by setting codes of conduct for industries, which included regulations on wages, prices, and working hours. Additionally, the NIRA sought to enhance workers' rights, particularly by encouraging collective bargaining and unionization. Overall, it was designed to foster economic recovery and stabilize the labor market.
The national purpose means the country's goals in military, economic, or cultural terms. For Mexico, these would include to survive and keep its cultural and political identity while having the most powerful country in the world as its immediate neighbor.
The National Recovery Administration (NRA) was established in 1933 as part of the New Deal to stimulate economic recovery during the Great Depression. Its main purpose was to promote industrial growth, fair competition, and labor rights by setting codes of fair practices, which included establishing minimum wages and maximum working hours. The NRA aimed to reduce unemployment and improve working conditions while encouraging consumer spending. Ultimately, it sought to create a more balanced and equitable economy.
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