Franklin D. Roosevelt's National Industrial Recovery Act (NIRA)

President Franklin Roosevelt's New Deal was a package of economic plan proposed and proposed between 1933 and 1936. The purpose of this program is to give peasants peace of mind, reform business and finance, and restore the economy among the great powers. depression. NIRA was born with many other new initiatives to help the economy recover. Roosevelt created the National Industrial Recovery Act (NIRA) to fulfill the needs of industries, associations and even consumers, to promote cooperation among companies and to establish guidelines for fair competition between industries did.

However, the most important law is the National Industrial Recovery Act (NIRA). Roosevelt is designed to limit competition while increasing prices and wages, especially because economic recovery is thought to depend on cooperation at the expense of competition. This action will allow the industry to form cartels on condition that these industries will raise wages and allow collective bargaining agreements with workers. NIRA was effective until 1935 when the Supreme Court ruled that it was unconstitutional.

Franklin Roosevelt was disappointed after the Supreme Court revoked Schechter Poultry Corp. vs. the US National Industrial Recovery Act (NIRA) in 1935. This day is called "Black Monday", because three series of incidents were put under the fear of Roosevelt by the government. However, immediately after Roosevelt attempted to modify the court, the protection of economic interests by the court has ended. Correspondingly, Roosevelt designed a factory to add a court judge who can say "save nine time conversions". Since then, the majority of economic freedom has become a minority and the courts are beginning to support the state law and federal law which bears economic rights.

Finally, in some of the most controversial government laws, Roosevelt tried to help the American industry regain its foundation. At the heart of his industrial reconstruction plan is the National Industrial Recovery Act (NIRA) passed in Parliament in June 1933. With inspiration from the federal government's economic plan during the First World War and the inspiration from voluntary industry groups in the 1920s, NIRA is a country rather than individualist principle and competitive laissez-faction capitalism Provided economic plan.