The National Industrial Recovery Act (NIRA) was a key piece of legislation enacted in 1933 as part of President Franklin D. Roosevelt's New Deal, aimed at stimulating economic recovery during the Great Depression. It sought to promote industrial growth and improve labor conditions by establishing codes of fair competition, thereby regulating industries and encouraging collective bargaining for workers. The act represented a significant shift in government involvement in the economy, with lasting effects on manufacturing practices and labor relations.
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