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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.

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4mo ago

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