Concept information
Preferred term
National Industrial Recovery Act
Definition
- Passed by Congress in 1933, the National Industrial Recovery Act (NIRA) was one of several measures that were passed by Congress and supported by the Roosevelt administration that were aimed at helping the nation recover from the Great Depression. The NIRA was a unique experiment in U.S. history as it suspended the antitrust laws that were passed to root out conspiracies and combinations in restraint of trade and sanctioned and supported an alliance of industries. [Source: Encyclopedia of Business Ethics and Society; National Industrial Recovery Act]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/National_Industrial_Recovery_Act
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