National Recovery Administration | Wikipedia audio article
Channel: wikipedia tts
Date: 2018-12-18

This is an audio version of the Wikipedia Article:
National Recovery Administration


00:01:40 1 Background
00:03:22 2 Inception
00:05:04 2.1 Goal
00:06:07 2.2 Price controls
00:07:54 3 Critics
00:09:47 4 The NRA in practice
00:11:05 4.1 Specific industries
00:13:04 4.2 Enforcement
00:15:29 5 Judicial review
00:18:01 6 Legacy
00:19:52 7 See also



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SUMMARY
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The National Recovery Administration was a prime New Deal agency established by U.S. president Franklin D. Roosevelt (FDR) in 1933.  The goal was to eliminate "cut-throat competition" by bringing industry, labor, and government together to create codes of "fair practices" and set prices. 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 could be sold. The NRA also had a two-year renewal charter and was set to expire in June 1935 if not renewed.In 1935, the U.S. Supreme Court unanimously declared that the NRA law was unconstitutional, ruling that it infringed the separation of powers under the United States Constitution.  The NRA quickly stopped operations, but many of its labor provisions reappeared in the National Labor Relations Act (Wagner Act), passed later the same year. The long-term result was a surge in the growth and power of unions, which became a core of the New Deal Coalition that dominated national politics for the next three decades.
The NRA, symbolized by the Blue Eagle, was popular with workers. Businesses that supported the NRA put the symbol in their shop windows and on their packages, though they did not always go along with the regulations entailed. Though membership to the NRA was voluntary, businesses that did not display the eagle were very often boycotted, making it seem mandatory for survival to many.