National Recovery Administration
National Recovery Administration (1933-1936) was the United States governmental agency charged with the administration of the National Industrial Recovery Act (1933). This was one of the basic acts of the New Deal. This Act required the representatives of the employers and employees of every industry to draw up a code of "fair practices" for approval and enforcement by the NRA. These codes provided for Federal Government control of prices, wages, working conditions and trade practices. The Supreme Court declared the Act unconstitutional in May 1935. The provisions regulating employer-employee relations were then rewritten in the (Wagner) National Labor Relations Act (1935), which was subsequently held to be constitutional (1937).
- Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-08-17.