National Industrial Recovery Act
National Industrial Recovery Act, an act of the U.S. Congress signed by President Franklin D. Roosevelt in 1933. Its purpose was to relieve the serious depression and unemployment that followed the stock-market crash of 1929. The National Recovery Administration (NRA) was set up under the act. It regulated trade and industry competition, and also workers' wages and hours, through provisions called "codes"; limited application of previous antitrust laws; and guaranteed collective bargaining. Its emblem, a blue eagle, was awarded to cooperating firms.
In 1935 the U.S. Supreme Court declared the code-making provisions unconstitutional. The NRA was ended by executive order.