National Industrial Recovery Act of 1933
Economists, scholars, politicians, and the public at large were deeply divided as to the underlying causes of the Great Depression and the best means to bring it to an end. In the months following Roosevelt’s inauguration, his advisers, along with members of Congress and representatives from business and labor, drafted the legislation that was introduced in Congress on May 15, 1933, as the National Industrial Recovery Act. The division of opinions about the Depression was reflected in those who drafted NIRA, and the act drew both praise and criticism from across the political spectrum. Nevertheless, the urgency of the economic situation (with unemployment exceeding 30 percent in many parts of the country) pressured Congress to act.
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