What is the NIRA?

Updated: 4/28/2022
User Avatar

Wiki User

9y ago

Best Answer

NIRA is also known as the National Industrial Recovery Act. It is a law that was passed by the United States Congress in 1933 which gives the President authority to regulate industry to try to raise prices after severe deflation to be able to help the economy recover.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the NIRA?
Write your answer...
Still have questions?
magnify glass
Continue Learning about U.S. History

What was the purpose of the national industrial recovery act?

The National Industrial Recovery Act (NIRA), officially known as the Act of June 16, 1933 (Ch. 90, 48 Stat. 195, formerly codified at 15 U.S.C. sec. 703), was an American statute which authorized the President of the United States to regulate industry and permit cartels and monopolies in an attempt to stimulate economic recovery, and established a national public works program.

Why didn't the New Deal end the depression?

The "first" New Deal dealt with mostly immediate measures of getting the unemployed back to work and providing welfare and recovery. As the Depression continued, FDR began to feel the heat of his critics, both left (Huey Long, Share the Wealth, Charles Townsend, socialists) and right (conservative businessmen, laissez-faire supporters, anti NIRA regulations). To combat these critics, FDR proposed a new set of economic and social measures to fight unemployment and poverty, and to provide real jobs to decrease the unemployment rate. Examples of the Second New Deal included the WPA, which was the major relief agency of the New Deal. It was to provide work, not welfare. The major new piece of legislation during the Second New Deal was the Social Security Act of 1935. It provided insurance for the aged, unemployed, and disabled and it was based on contributions by both employers and employees. The recession of 1937 was proof that the New Dealers had not unlocked the secrets of maintaining economic prosperity during peacetime. Only when the nation began to prepare for World War II, along with massive purchases of American goods from abroad (and American rearmament), did the Great Depression come to an end. By 1939 the economy was on an upswing and by 1940, after war had begun in Europe, the Great Depression was history.

Related questions

What does the nira stand for?

The National Industrial Recovery Act (NIRA)

What is the population of Nira Dynamics AB?

Nira Dynamics AB's population is 25.

When was Nira Wickramasinghe born?

Nira Wickramasinghe was born on 1964-05-08.

When was Nira Dynamics AB created?

Nira Dynamics AB was created in 2001.

What does the name Nira mean?

Nira is the feminine form of the Hebrew masculine Nir, and holds the meaning "Plowed Field."

When was Nira Luna born?

Nira Luna was born on December 24, 1986, in Newark, New Jersey, USA.

What has the author Nira Rousso written?

Nira Rousso has written: 'The passover gourmet' -- subject(s): Cookery, Jewish, Jewish Cookery, Passover cookery

What is the most controversial part of the NIRA?

THe fact is the ish

NIRA gave to much power to who?

the Executive branch of Goverment.

What type of owl is Nira from owls of gahoole?

barn owl

What program did the NIRA create?

National Recovery Administration (I think)

How successful was the NIRA?

Very because it crreated many jobs for unemplloyed workers