Asked by PerRy Ahuja on Jun 13, 2024
Verified
The National Industrial Recovery Act
A) established business codes for several industries.
B) confirmed a free-market policy.
C) promoted free business practices.
D) provided incentives for the creation of new industries.
E) accepted "unfair" competition between companies.
National Industrial Recovery Act
1933 law passed on the last of the Hundred Days; it created public-works jobs through the Federal Emergency Relief Administration and established a system of self-regulation for industry through the National Recovery Administration, which was ruled unconstitutional in 1935.
Business Codes
A set of guidelines and ethics that govern the operations of businesses to ensure fairness, transparency, and responsibility.
"Unfair" Competition
Business practices deemed unethical or illegal that give one company an unfair advantage over competitors.
- Understand the key components and objectives of the New Deal.
Verified Answer
JE
Jonaldine EliscardJun 17, 2024
Final Answer :
A
Explanation :
The National Industrial Recovery Act established business codes for several industries to regulate wages, working conditions, and production processes, aiming to stimulate economic recovery during the Great Depression.
Learning Objectives
- Understand the key components and objectives of the New Deal.