Understanding the National Industrial Recovery Act: A Historical Overview

Q: Is the National Industrial Recovery Act still in effect?

No, the NIRA was declared unconstitutional in 1935, but its concepts influenced later laws.

Q: How did the NIRA affect labor rights?

The NIRA laid the groundwork for the National Labor Relations Act, which established stronger protections for workers.

Definition & Meaning

The National Industrial Recovery Act (NIRA) was a federal law enacted in 1933 to address the economic challenges of the Great Depression. Its primary goal was to alleviate widespread unemployment and stimulate economic recovery. The Act allowed for the regulation of various industries and permitted the formation of cartels and monopolies as a means to stabilize and revitalize the economy. Under this Act, the President was granted the authority to oversee industry regulations. Additionally, the NIRA established a public works program to create jobs and improve infrastructure.

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Legal Use & context

The National Industrial Recovery Act is primarily referenced in discussions about economic regulation and labor rights. It is significant in the context of labor law, as it laid the groundwork for subsequent legislation, including the National Labor Relations Act of 1935. Legal practitioners may encounter the NIRA when dealing with cases related to industrial regulation, labor relations, and economic recovery efforts. Users may find relevant forms and templates on platforms like US Legal Forms to assist in navigating these legal areas.

Key legal elements

Real-world examples

Here are a couple of examples of abatement:

(hypothetical example) A manufacturing company forms a cartel under the NIRA to set prices and production levels with other companies in the same industry. This action is intended to prevent price wars and ensure stable income for all involved businesses.

(hypothetical example) A local government uses funds from the public works program established by the NIRA to build a new highway, creating jobs for construction workers and boosting the local economy.

Relevant laws & statutes

The National Industrial Recovery Act itself is the primary statute related to this term. It was later amended by the National Labor Relations Act of 1935, which further defined labor rights and protections.

Comparison with related terms

Term	Description	Difference
National Labor Relations Act	A law that protects the rights of employees to organize and collectively bargain.	The NLRA built upon the framework established by the NIRA, focusing specifically on labor rights.
Public Works Administration	A New Deal agency that oversaw the construction of public works projects.	While the PWA was part of the NIRA's public works program, it operated as a separate entity focused on large-scale projects.

Common misunderstandings

What to do if this term applies to you

If you are dealing with issues related to industrial regulation or labor rights, consider consulting a legal professional for guidance. You may also explore US Legal Forms for templates that can help you manage related legal processes effectively.

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Quick facts

Enacted: 1933
Amended by: National Labor Relations Act, 1935
Key Purpose: Economic recovery and unemployment relief
Authority: Granted to the President for industry regulation

Key takeaways

Frequently asked questions

What was the main goal of the National Industrial Recovery Act?

The main goal was to relieve unemployment and stimulate economic recovery during the Great Depression.