What was the main focus of the National Industrial Recovery Act (NIRA)?

The National Industrial Recovery Act (NIRA), enacted in 1933 as part of the New Deal, primarily aimed to stimulate industrial growth and enhance labor conditions during the Great Depression. The act sought to stabilize the economy by establishing fair industry standards, promoting fair competition, and encouraging collective bargaining rights for workers.

NIRA facilitated this by allowing industries to create codes of fair practice, which included setting minimum wages and maximum hours, thereby improving working conditions. Additionally, the act aimed to boost consumer purchasing power, which was essential for economic recovery, by ensuring that workers had decent wages and working conditions that could stimulate demand for goods.

While the NIRA had components that interacted with other sectors such as banking and agriculture, its chief purpose was focused on industrial recovery and improving labor relations to revitalize the economy as a whole.