National Industrial Recovery Act

Roosevelts New Deal

Five Facts You Must Know About The NIRA

The National Industrial Recovery Act was passed in 1933 so that the president had the authority to regulate industry. This was an attempt to raise prices after severe deflation and stimulate a recovery for the economy. This act also established the Public Works Administration, a national works program. The National Industrial Recovery Act was a part of Roosevelts New Deal in hopes that it would help repair the economy.