National Industrial Recovery Act
The
United States
National Industrial Recovery Act
(NIRA) of
June 16
,
1933
established codes of fair competition aimed at supporting prices and wages and stimulating economic revival from the
Great Depression
of 1929-33. The law created a
National Recovery Administration
(NRA) to promote compliance on the part of corporations. Firms which voluntarily complied could display the
Blue Eagle
. The NIRA also helped create jobs for unemployed workers. The NIRA was overturned on
May 27
,
1935
when the
Supreme Court of the United States
ruled in the case
A.L.A. Schechter Poultry Corp. v. United States
(295 U.S. 495) (sometimes called the "sick chicken" case) that the Act encroached upon states' authority, unreasonably stretched the
Commerce Clause
, and gave legislative powers to code-makers in the
executive branch
.
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